Cedro Finance, a Stanford, CA-based Omnichain Liquidity Layer, raised $1.5M in Pre-Seed funding.
The fund was led by Shima Capital with participation from Infinity Ventures Crypto (IVC), Mask Network, and Sam Thapaliya.
The company intends to use the funds to grow the team and scale development of its platform.
Founded in June 2022 by Stanford undergraduate Rachin Kalakheti, Cedro Finance is an Omnichain Liquidity Platform that lets users lend and borrow across multiple chains without compromising on security. The solution has been live on testnet since December 2022 and has since processed over 159,000 transactions. Multiple products on top of Cedro are being planned.
FinSMEs
07/02/2023