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Lantern Finance raised over $1 million in a pre-seed round led by a diverse group of institutional and angel investors to advance its crypto-backed lending platform.

Feb 28, 20255 months ago

Amount Raised

$1 Million

Round Type

pre-seed

San FranciscoCryptocurrencyLendingBlockchainFintechFinancial Services

Investors

Andover VenturesSupermoon VenturesOrange Dao

Description

Lantern Finance announced the successful close of its oversubscribed pre-seed financing round. The funding aims to enhance the development of their crypto-backed lending platform for US-based investors.

Company Information

Company

Lantern Finance

Location

San Francisco, California, United States

About

Lantern is a financial services and technology company built for crypto investors. Our mission is to simplify the world of crypto finance by offering a safe, seamless platform where users do more with their crypto assets. Lantern's primary offering is a crypto-backed loan product, which allows clients to safely access loans against their crypto holdings.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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