Notional Finance raised $1 M in a Seed Round round on 2020-10-25.
NOTE
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According to media reports, Notional Finance raised $1 M in a Seed Round round on 2020-10-25.the investors in this funding round include Coinbase Ventures,1confirmation,Polychain,IDEO CoLab Ventures,Nascent,ParaFi Capital and others. Following this round, Notional Finance's total funding reached $11 M.
Notional is a decentralized protocol for borrowing and lending at fixed rates and fixed terms. With variable rate lending, DeFi can only serve a small segment of the crypto lending market, as variable interest rates do not offer the certainty that lenders and borrowers need. Notional solves this by creating a true market for lenders and borrowers, empowering individual investors, business owners, and institutional investors.
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NOTE Fundraising History
| Round | Amount | Valuation | Time | Investor(s) |
|---|---|---|---|---|
| Seed Round | $1 M | -- | 2020-10-25 | Coinbase Ventures,1confirmation,Polychain,IDEO CoLab Ventures,Nascent,ParaFi Capital |
Key Milestones
- 2021-11$NOTE was live for trading
- 2021-04-30Notional Finance raised $ 10 M in Series A round
- 2020-10-26Notional Finance raised $ 1.3 M in Seed round
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