Zerion raises $2M to Fuel Next Phase of DeFi

The seed round was led by Placeholder, with participation from Blockchain Ventures and Gnosis.

Today, we are thrilled to announce that Zerion has raised $2 million in Seed funding to build the best interface to decentralized finance. The investment was led by Placeholder, with participation from Blockchain Ventures and Gnosis.

Before we talk about our new partners, we would like to talk a bit about Zerion. Since the beginning of our journey, we have achieved a lot:

Processed more than $16M in Compound deposits

Originated more than $19M in simple send transactions

Had over $2M in supplied liquidity to Uniswap pools in less than a month

Won an award for the Best UX in the Ethereum ecosystem at Devcon 5

Won first place at the YCombinator hackathon with the “Defy” app — a savings account based on DeFi

Became one of the best portfolio management tools for DeFi

We bootstrapped Zerion from scratch, and it would not be possible without our fantastic team, our partners, Twitter fans, and, of course, users 🥰!

Joining the DeFi movement around a year ago was a big decision for our team. We were in the blockchain space for years before that, but we almost lost hope after we saw the direction where the ICO market is taking it. DeFi was a breeze of fresh air: it was something we had been waiting for since Ethereum came out. I am glad we persisted through the tough times and focused solely on innovating in DeFi.

Today, Zerion enables non-technical users to acquire, track and manage assets on many leading DeFi protocols, including MakerDAO, Compound, Uniswap, Set, and Fulcrum. We are building an integrated experience that overcomes the fragmentation, complexity and lack of trust in decentralized financial products, that have, to date, held back the adoption of DeFi.

This seed round is an important milestone for us. Together with the DeFi community, we are designing an open economy from the ground up, and today we went one step further.