Lithium Finance Takes On Additional Investors; Total Raise Reached $7.6M

Overview

The past few months have been an exciting journey for the team at Lithium Finance. From protocol design to fundraising, pre-IDO, and marketing, we won’t be able to be where we are today without the enormous support of all our investors. They have been backing Lithium not just financially but also in many other aspects. Our team has boarded several additional investors and raised an extra $2.6 million from them to ramp up our product rollout. That’s on top of the $5 million that we raised during the seed round co-led by Pantera and Hashed. While they may have come from different backgrounds and parts of the world, they shared the vision of Lithium, to price the unpriced with collective intelligence. This article is to acknowledge and dedicated to these investors, and we would like to take this opportunity to let our communities know more about these backers of Lithium Finance.

Lithium Finance’s Investor Landscape

Our Lead Investors

Lithium Finance’s raise is co-led by Pantera Capital and Hashed. The fund has been supporting the work of creating Lithium’s collective-intelligence pricing oracle and the future deployment of the application.

Pantera Capital is a leading blockchain hedge and venture fund in the US. It launched the first cryptocurrency fund in the US when bitcoin was at $65/BTC in 2013. The firm subsequently launched the first blockchain-focused venture fund. In 2017, Pantera was the first to offer an early-stage token fund. Now, its global macro strategy invested over $1 billion of institutional allocations.

Hashed is the preeminent blockchain firm in Asia with a portfolio that spans the globe. The firm is based in South Korea and founded by a team of serial entrepreneurs and engineers in 2017. Their mission is to accelerate the mass adoption of blockchain by investing our own resources and empowering a new wave of entrepreneurs and innovators who are creating this future.

Other Major Investors

There are also many other investors that have been supporting Lithium Finance since the early stage of the project. Include the following names (not listed in order):

Alameda Research is a quantitative trading firm bringing expertise from Wall Street and Silicon Valley to provide liquidity in crypto markets worldwide.

Huobi Ventures Blockchain Fund focuses on early-stage blockchain and decentralized finance projects, making strategic acquisitions to diversify and expand Huobi’s offerings.

OKEx Blockdream Ventures is a fund focused on exploring high quality DeFi projects with great potential, including basic infrastructure and layer 2 ecosystems.

FBG Capital is a digital asset management firm in blockchain-based capital market.

NGC Ventures is one of the largest institutional investors of blockchain and distributed ledger technologies, and has been a key contributor to a number of leading blockchain projects.

LongHash Ventures is an investment fund, venture builder, and accelerator focused on catalysing the growth of the native Web 3.0 economy.

Coin98 Ventures is the investment arm of Coin98 Finance to bootstrap the decentralized finance ecosystem on multiple blockchains with built-in support for DeFi Builders.

Shima Capital is a global investment fund focused on supporting cutting edge blockchain startups, founded by native blockchain investors with traditional VC experience.

Gate.io is one of the global top 10 cryptocurrency exchanges with authentic trading volume.

PetRock Capital is a private investment firm focused exclusively on blockchain-enabled projects. It aims to maximise value creation by investing in breakthrough technologies.

Vessel Capital is an investment firm focused on backing groundbreaking technologies.

Soul Capital is a family-owned private entrepreneurial company that focuses on investing in innovative and emerging technologies and internet companies with advanced ideas. Its investment ranges from early-stage companies with great potentials to later-stage companies at a leading position in their industries.

Genesis Block Ventures is a full-service investment company focused on blockchain and DeFi projects. It’s part of Genesis Block HK, an Asia’s leading digital asset OTC trading desk.

ZBS Capital is a VC fund dedicated to build a decentralized world with a solid experience in the space and a vast network of contacts.

DuckDAO is a community-backed digital asset incubator that provides promising early-stage crypto startups with the expertise, financial resources, and marketing power needed to fast track their progress on the path to success.

Ellipti is a cross-border accelerator based in Korea, building an ecosystem with solid founders and teams to navigate the market with excellence based on the right strategy and implementations in the Korean and APAC markets.

GAINS Associates is the world’s first decentralized VC that is passionate about new technologies. It stands for Group Action Is Never Small, embodying the collaboration spirit which is the essence of blockchain and decentralization.

AU21 Capital is on a mission to back the most promising blockchain entrepreneurs and provide founders with resources and connections to succeed.

Divergence Ventures is an American venture capital firm that funds early-stage crypto projects.

Astronaut Capital is a licensed asset manager focused on providing an outperforming investment vehicle to retail, sophisticated and institutional investors.

Kyros Ventures is a pioneer in incubating early stage blockchain and crypto projects in Vietnam. It’s part of the Coin68 ecosystem, which is leading player in the Vietnamese Blockchain industry.

Autonomy Capital strives to facilitate the growth and adoption of decentralized ecosystems through angel investment.

Vendetta Capital brought together a multi-disciplinary team that is experienced in investing, portfolio management, capital markets, marketing and blockchain technology.

7 O’Clock Capital is a crypto asset venture fund focused on DeFi. The firm accelerates early-stage projects through financing and providing launchpads.

CatcherVC is a research-driven investment fund dedicated to blockchain. Its team consists of tech developers, industry KOLs, and financial professionals to deliver real and lasting value.

Conclusion

“Coming together is the beginning. Keeping together is progress. Working together is success.” That’s not just the philosophy behind Henry Ford — one of the most outstanding entrepreneurs and industrialists in US history — but also the inspiration of the team at Lithium Finance. We and our investors started together, progressed together, and with the support from them and the communities, we believe we will succeed together.