NearPad Closes $2m Seed Funding Round

NearPad Closes $2m Seed Funding Round

NearPad is proud to announce the close of our $2m seed round for the development of our DAO-led DeFi hub on Aurora. With participation from NGC, NEAR Foundation, OWC, Ellipti, LD Capital, Flow Ventures, SuperNova Fund, ExNetwork, Genblock Capital, Arkn and several other parties, the raise crystallises the alignment of goals between NearPad and leading players in the industry to catalyse growth on NEAR blockchain.

By building a DeFi ecosystem where developers can directly launch products to communities that will utilise it and users access tools to better leverage their portfolio, NearPad has set out to tap into NEAR’s latent potential to find and nurture the juggernauts of tomorrow.

Strategically aligning with NEAR ecosystem’s stalwarts, innovative funds in the space with proven track records, angels, and developer communities, NearPad is tapping into a rich well of experiences and resources for bootstrapping Web 3.0 ecosystems on NEAR blockchain.

We will be working closely with our backers to build out a comprehensive DeFi on Aurora, leveraging their industry know-how and development pipeline access to help developers to deliver innovations at scale while enabling users to experience developments that scale with their needs.

The raised fund will be used to build out the features on our roadmap, expand the development team to enable us to ship faster and optimise products better, incubate, and market rather than leaning on the public raise and/or treasury.