AlchemixCointelegraph.comDeFiLoansVCsVenture Capital

Alchemix announces $4.9 million raise led by CMS, Alameda, and e-Girl Capital

Established VC firms join more atypical investment entities in positioning the young DeFi protocol for the future
A fast riser in the decentralized finance (DeFi) world has announced a $4.9 million raise today led major industry venture capital groups — as well as some unusual, upstart players. Alchemix, a DeFi lending protocol whose loans automatically repay themselves via deposits into other yield-bearing protocols, announced on Discord today $4.9 million raise led by ten investors, including industry mainstays CMS Holdings and Alameda Research, as well as upstart crypto VC players such as eGirl Capital. Rounding out the investors are Immutable Capital, Nascent, Protoscale Capital, LedgerPrime, Fisher8 Capital, Orthogonal Trading, and one unidentified “individual.”Exiting news! The Alchemix team has successfully raised funds with amazing and exciting partners. Read the discord announcement here or in this exceedingly large screenshot.https://t.co/iKov18CZBS pic.twitter.com/fB2REerYmr— Alchemix (@AlchemixFi) March 13, 2021
“Alchemix aims to be one of the key money legos in the Ethereum ecosystem. It is the culmination of countless innovators and one great idea and a lot of hard work from our team,” said Scoopy Trooples, team lead at Alchemix. “[…] We are excited to have the backing of a plethora of reputable investment firms. With their support we can charge ahead full time and make Alchemix even better.”Unlike with many recent VC investments into DeFi protocols, the Alchemix team put forth some effort to disclose the terms of the investment. Per their Discord post, the team sold tokens from their team …
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