RociFi Raises $2.7M in Seed Funding
- RociFi, a Pittsburgh, PA-based decentralized zero and under-collateralized lending protocol, raised $2.7M in Seed funding
- Backers in the round, closed in November 2021, included from Arrington, Goldentree, Nexo, LD Capital and Skynet Trading
- The company intends to use the funds to expand the team, take the product to market, increase the size of the engineering team and launch the protocol
- The company has developed a protocol that leverages on-chain data, machine learning and decentralized identity data to facilitate undercollateralized loans via the blockchain
- The company is currently in testnet and anticipates a phased, full-scale launch to mainnet by quarter two of this year, running as a fully decentralized, permissionless entity
