Yellow Network raised $10M in a seed funding round led by Chris Larsen to develop a web3 clearing protocol for digital assets.
Sep 17, 2024•10 months ago
Amount Raised
$10 Million
Round Type
seed
San FranciscoCryptocurrencyBlockchainFintechFinancial ServicesInvestors
Ld CapitalNoia CapitalCoboMathMoonrock CapitalZbs CapitalGate LabsMv GlobalNx GenGsrConsensysChris Larsen
Description
Yellow Network has successfully raised $10 million in seed funding, with participation from notable investors including Chris Larsen. The funds will help advance their decentralized clearing protocol aimed at addressing challenges in the cryptocurrency trading space.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech