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Coinbase-backed Instadapp raises $10 Mn to tap rising DeFi wave

Shortpedia

Content Team
Image Credit: Inc42

Fintech startup Instadapp, which works in the burgeoning segment of decentralised finance (DeFi), has raised $10 Mn in its latest funding round from venture capital firm Standard Crypto, Yearn founder Andre Cronje, DeFi Alliance, Longhash Ventures, among others investors. The company had already been backed by the likes of Pantera Capital and Coinbase as well as Silicon Valley-based entrepreneur investors Naval Ravikant and Balaji Srinivasan.