Introducing Cozy Finance
The value of assets deposited in Ethereum-based financial applications (DeFi) has soared from under $1B to over $9B. Developers have unlocked massive value for users by creating useful ways for them to manage their assets. However, these users face new forms of risk like irreversible technical vulnerabilities.
A lack of reliable and “DeFi-native” risk management tools prevents a flood of users from entering the space and enjoying the benefits of open and permissionless products.
That’s why we are announcing Cozy Finance, a company that develops risk-management software for decentralized finance.
As serial entrepreneurs who have been building open and community-driven products for years, we are true believers in the transformative potential and recognize that sustainable growth requires reliable and native tools to manage risks. Our mission is to provide those tools.
In service of that mission, we have raised $2M from Electric Capital, Variant Fund, Dragonfly Capital, Robot Ventures, Slow Ventures, Kain Warwick (founder of Synthetix), Spencer Noon, Ed Moncada (founder of Blockfolio), Volt Capital, and others.
We will have more to share about our first products soon. In the meantime, follow us on twitter and check out our job listings.
