DeBank service raised $25 million in funding round

The platform's valuation has reached $200 million

29.12.2021 - 07:10

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What’s new? DeBank, an analytical service, has raised $25 million in a funding round. Its valuation has reached $200 million. So far, the service has not specified what exactly it will direct the raised funds for.

We've just closed a $25M equity round at a valuation of $200M. This round is led by Sequoia China, followed by Dragonfly, Hash Global, Youbi and other angel investors, along with strategic investments from Coinbase Venture, https://t.co/kZVg44T3Tc, Circle, and Ledger.— DeBank (@DeBankDeFi) December 28, 2021

Who participated in the funding? The round was led by Sequoia Capital China. Dragonfly, Hash Global, Youbi, and a number of other funds also took part. The strategic investments were provided by Coinbase Venture, Crypto.com, Circle, and Ledger.

The Crypto.com representatives noted that they were glad to support DeBank. They support the service's plans to attract users to Web 3.0.

What is known about the service? DeBank was founded in 2019. It is a crypto wallet that offers users tools to interact with the DeFi world. At the time of writing, DeBank allowed users to track 798 protocols on the 17 blockchains.

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