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Sumer.Money - Undisclosed
Overview
Funding Date
July 8, 2024
Financing amount
$2M
Valuation
--
Category
Subcategory
About Sumer.Money - Undisclosed
Sumer.money has raised $2 million in funding round. The roudn was backed by Pantera, A&T Capital, Sanctor, Blockwall, ROK, Waterdrip, Kernel, AngelDAO, NoviDAO and other well-known investment institutions as well as more than 20 crypto founders, executives and OGs. These include Sandeep Nailwal (Polygon), TN Lee (Pendle), Victor Ji (Manta), Evan Kuo (Ampleforth), Brandon Iles (Ampleforth), and Ben Chan (Chainlink Vice President of Engineering).
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2013 | 136 | [email protected] | ||
| Fund | China | 2021 | 30 | -- | ||
| Fund | United States of America | 2021 | 25 | -- | ||
| Fund | Germany | 2017 | 16 | [email protected] | ||
| Fund | Korea (the Republic of) | 2021 | 20 | [email protected] | ||
| Fund | China | 2017 | 84 | [email protected] | ||
| Fund | Hong Kong | -- | 22 | [email protected] | ||
| DAO | United Kingdom | 2020 | 29 | [email protected] | ||
| DAO | Unknown | -- | 1 | -- | ||
| Angel Investor | India | -- | 104 | -- |
Company Profile / Project Introduction
Sumer is a cross-chain synthetic assets protocol with a lending and borrowing market, deployed simultaneously on a network of supported chains.
Sumer enables creation of SuTokens (Synthetic Assets of USD, ETH and BTC) to provide a credit card-like experience to users. SuTokens break cross-chain liquidity & smart contract communication barriers while enabling non-custodial, highly decentralized & secure cross- chain transfers.