Fission Labs, an East Hampton, N.Y.-based developer of a DeFi application built to bring venture capital on chain, raised $1.6M in pre-seed funding.
The round was led by SALT Fund and Kraynos Capital, with participation from Anthony Scaramucci (Skybridge).
The company will use the funds to expand its development efforts.
Led by Jonathan Shaffer, CEO and Co-founder, Fission is a DeFi application built to bring venture capital on chain through tokenization, decentralized exchange, decentralized lending, and automated liquidity provider infrastructure. The platform launched its testnet on Ethereum. Investors can purchase and trade tokens, backed by top tier VC-funded companies. The platform opens a new venue where crypto natives as well as traditional finance participants can invest in and trade private equity backed tokens, beginning with Fission’s VC secondaries token, TECH.
FinSMEs
10/10/2024