InstaDApp, the autonomous banking portal on emerging blockchain-based protocols, have closed a $2.4m seed round.
Blockchain-focused investor Pantera Capital, which closed its third flagship fund in 2018, was one of the investors behind InstaDApp’s raise. Other participants in the seed round included Naval Ravikant, Balaji Srinivasan, Coinbase Ventures, IDEO Colab and Robot Ventures.
“We are impressed by InstaDapp’s laser focus on aggregating and simplifying DeFi and their growth has been a testament to their ability to execute successfully,” said Paul Veradittakit, partner at Pantera. “InstaDapp stands out from everything else we have seen in the space so far. We believe they’re the right team to push the future of DeFi forward and help the next wave of users to onboard to the open financial ecosystem.”
InstaDApp offers a decentralized finance portal. The app aggregates major protocols using a smart wallet layer and bridge contracts to provide improved abilities to users to make smart decisions about assets and to execute complex transactions.
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