A new Richmond company working in the cryptocurrency space has raised $300,000 in equity funding from six investors, according to a Securities and Exchange Commission filing.
Yield Monitor, which creates a custom-built dashboard that indexes blockchain and asset data pertaining to decentralized finance, is seeking to raise as much as $665,000, according to the March filing. Decentralized finance, or DeFi, is broadly the finance ecosystem where people trade, borrow or lend cryptocurrency.
Co-founder Nick Toce declined to discuss the funding, citing SEC regulations.
Toce is also the founder of Richmond branding and visual communications agency Helm & Hue and was one of the founders of recently sold health-tech startup Kamana. He said he developed Yield Monitor during the summer of 2021 when a popular DeFi product went down. Toce commented on the problem on a Discord group. Christophe Dupont, a developer based in Genk, Belgium, with expertise building high-speed data and information infrastructure,…
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