Impossible Finance Raises $7M in Seed Funding Round

Last Updated on June 5, 2021 by Jason

Impossible Finance, a decentralized protocol, has been able to raise $7 million in their seed funding round with a number of angel and institutional investors participating. Impossible Finance launched on Binance Smart Chain in May, and was spearheaded by investors including Hashed and Alameda Research.

It intends to use the funding to bulk up its offerings, and create a multi-chain ecosystem to promote the growth of ‘DeFi composability and liquidity.’

DeFi

There were 125 investors in total. IF is a typical decentralized finance project, with the ability to swap tokens and gain access to liquidity pools.

CMS Holdings said in a statement, “Creating a YCombinator-esque platform for teams building in DeFi will help take the ideas of developers and materialize them into working products.”

D382E4E1 97E7 42AF 98C2 8BFCCBC06D0F
Jasonhttps://earthweb.com/
Hi! I'm the editor at EarthWeb. I have a deep interest in technology and business. I also enjoy testing products out. Contact me to be featured!

More from author

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Pin It on Pinterest

Share This