NearPad Closes $2.5M Seed Funding
- NearPad, a San Francisco, CA-based DeFi startup, closed its $2.5m seed funding round
- Backers included NGC, NEAR Foundation, OWC, Ellipti, LD Capital, Flow Ventures, SuperNova Fund, Genblock Capital, Arkn and several other parties
- The company intends to use the funds for the development of its DAO-led DeFi hub on Aurora
- The raised fund will be used to build out the features on its roadmap, expand the development team to ship faster and optimise products better
- The company is a launchpad, DEX Aggregator, and Yield Aggregator for communities and developers to access open finance tools for crowdfunding, asset management, and yield optimisation
- The platform will also be the first DAO-led protocol on Aurora by giving its community complete control over how treasury and public funds are utilised for the ecosystem
