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Lombard - Seed
Overview
Funding Date
July 2, 2024
Financing amount
$16M
Valuation
--
Category
About Lombard - Seed
In partnership with Bitcoin staking protocol Babylon, the startup Lombard has raised $16 million to build out Bitcoin-based restaking. In addition to capitalizing on the restaking hype, Lombard is the latest startup to integrate Bitcoin into the wider world of decentralized finance (DeFi) – an industry that so far has mostly been lacking on Bitcoin.
Polychain Capital led Lombard's funding round, joined by BabylonChain, Inc., dao5, Franklin Templeton, Foresight Ventures, Mirana Ventures, Mantle EcoFund and Nomad Capital.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2016 | 163 | [email protected] | ||
| Corporate | United States of America | -- | 1 | -- | ||
| Fund | United States of America | 2022 | 38 | -- | ||
| Fund | United States of America | 1947 | 28 | -- | ||
| Fund | Russian Federation | 2010 | 80 | [email protected] | ||
| Fund | -- | -- | 85 | -- | ||
| Foundation | Unknown | -- | 15 | -- | ||
| Corporate | Unknown | 2022 | 28 | [email protected] |
Founders & Team
Jacob Phillips
Company Profile / Project Introduction
Lombard is dedicated to unlocking Bitcoin's potential as a dynamic financial tool by connecting it to DeFi. Lombard is building the universal standard for Bitcoin. Secured by Bitcoin-aligned ecosystem players, Lombard enables the yield-bearing BTC to move cross-chain without fragmenting liquidity, paving the way to become the single largest catalyst for onboarding net new capital into DeFi.