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izumi Finance - Undisclosed
Overview
Funding Date
April 26, 2023
Financing amount
$22M
Valuation
--
Catagory
About izumi Finance - Undisclosed
iZUMi Finance, a multichain decentralized-finance protocol, has closed a $22 million funding round. The money will provide early liquidity for the startup’s on-chain order book decentralized exchange, iZiSwap Pro, which is available on the zkSync Era network.
The fundraising round was more complicated than a typical "cash in, equity out" arrangement. The company issued an iZUMi zk-Fund through strategic partner Solv Protocol that is a semi-fungible token, or SFT. Investors who purchase the fund receive an SFT in their wallet to represent their share, making them a limited partner of the fund. Upon maturity, investors can redeem the SFT for their principal.
Investors in the round included Unicode Digital, NextGen Digital Venture, Bella Protocol and Incuba Alpha, among others.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Uncategorized | Unknown | -- | 1 | -- | ||
| Fund | United States of America | 2012 | 4 | info@nextgenvp.com | ||
| Corporate | Unknown | 2020 | 5 | -- | ||
| Fund | Japan | 2017 | 21 | -- |
Founders & Team
Jimmy Yin
Company Profile / Project Introduction
iZUMi Finance is a multi-chain DeFi protocol providing One-Stop Liquidity as a Service (LaaS). iZUMi Finance offers one-step "liquidity-as-a-service," or the conversion of one asset into another asset or cash.