Blockbuster | Boca first DeFi platform! Acala is supported by 15 leading blockchain venture capital funds

** As Polkadot’s first DeFi platform **, Acala has **14,500+** chain active users, with a total of **142,000+** active transactions, and during last season’s Candy Festival, A total of ** 52 million ** of locked assets participated in the platform operation. In addition, **30 eco-partners have already integrated or are in the process of integrating relevant modules of the Acala platform to build cross-chain DeFi eco-* * with Acala. While this achievement demonstrates the PMF (product market convergence) and community engagement of Acala’s DeFi products, it is exciting to see Acala’s upcoming access to Kusama’s pioneer network and Polkadot’s main network.

The year 2020 ushered in the booming development of decentralized financial field, and more and more DeFi projects were excavated by the market. Quantitative indicators such as return on capital may be curious to the outside world, but for the organization and Acala, the meaning behind may have gone beyond the paper numbers, and become more like a horse with a bang.

Today, we are excited to announce a new round of investment in Acala: Pantera led the round, 1Confirmation, Arrington XRP Capital, ParaFi Capital, Coinfund, DCG, Spartan Capital, Zee Prime Capital and Divergence Ventures joined, adding Altonomy and CMS Holdings as strategic partners. In addition, seed round investors Hypersphere, Polychain, KR1 and SNZ continue to add support.

In the future, Acala will firmly stand at the forefront of technological and financial innovation with investment institutions, and jointly meet the challenges and grow in the wave of global financial decentralization.

“Pantera is really backing Acala and to support them through their next chapter of development and growth. We have been early and large investors in Polkadot and are confident that Acala will become the DeFi hub for the entire ecosystem. The company will bring financial stability, liquidity, and accessibility, Enabling a mainstream audience for financial freedom.”

– Paul Veradittakit

Partner at Pantera Capital

“We are really pleased that Pantera is supporting Acala’s further development and growth. We were one of the largest early investors in Polkadot and believe that Acala will become the DeFi hub of the Polkado**** T ecosystem, bringing financial stability, liquidity and accessibility to the entire ecosystem and allowing mainstream audiences to enjoy financial freedom.”

– Paul Veradittakit

Partner at Pantera Capital

“At ParaFi, we envision a constellation of DeFi ecosystems spanning multiple chains and believe that would be a win-win for the broader crypto industry. Acala is our first DeFi investment in Polkadot, and one of our first outside Ethereum. We are encouraged by the pace of development and innovation by Acala and are Excited to join the team in their journey to become the primary DeFi hub of the Polkadot ecosystem.”

— Santiago likely Santos

Partner at ParaFi Capital

At ParaFi, we envision a set of DeFi ecosystems that can cross chains and believe this is a win-win for the broader crypto industry. Acala is our first DEFI-related investment into the **Polkadot**** ecosystem and also our first investment outside of Ethereum. ** The speed with which Acala has been developed and innovated has made us more convinced that we have made the right choice and we are excited to be part of the push to make Acala the most important DeFi center in Polkadot ecology.

— Santiago likely Santos

Partner, ParaFi Capital

“Acala’s team executes at a breakneck pace, innovating on the learnings of decentralized finance. Acala is built from the ground up for open finance, making core building blocks like exchange, Derivatives and stable coins first-class citizens in their layer one blockchain. Hypersphere COULDN’t be happier to Follow-up in Acala’s Series A and continue to support the team as the ACA Prepares for their first initial Parachain Offering.”

– Jack Platts

Partner Hypersphere Ventures

** The Acala team has strong execution and continuous innovation in decentralized finance. **Acala is built on open finance, building core Layer 1 modules like decentralized exchanges, derivatives, and stablecoins. Hypersphere Ventures is excited to have added to Acala’s current round of investment and to continue to support the team in preparation for Acala’s upcoming first parallel chain launch.

– Jack Platts

Partner at Hypersphere Ventures

Founded in 2013, Pantera has rich investment experience in traditional finance and emerging blockchain technology, and is the world’s top blockchain investment fund in the industry. Polychain’s seed investment fund, with a long-term return of 1,000%, manages nearly $600 million in crypto assets and is currently one of the largest holders of BTC, ETH, DOT and other premium crypto assets.

Founded in 2018 by Ben Forman, a former employee of private equity giant KKR, ParaFi is a top vc focused on blockchain and DeFi markets. The team has years of institutional investment experience at head asset management firms KKR, TPG and JPMorgan respectively, and has invested in DeFi projects such as Aave, Maker, Teller and Kyber. In August, it invested in Uniswap with A16z, a top Silicon Valley investment fund.

DCG, founded in 2015, is one of the few financial conglomerates in New York Wall Street focusing on blockchain and crypto asset investment. DCG has now invested in more than 150 blockchain companies in over 30 countries around the world. Coindesk, Coinbase, Zcash, Filecoin and other well-known projects are part of its portfolio, and it has one of the largest cryptocurrency investment funds, Grayscale (Grayscale), and Genesis, a large institutional market maker of crypto assets.

Arrington XRP was founded in 2017, according to the website of Crypto Fund Research is the current TOP 5 Crypto asset management funds, Founded by Michael Arrington, founder of TechCrunch, an IT news site, and CrunchFund, a venture capital fund, Its portfolio includes quality projects such as XRP (Ripple), Polkadot, Casper Labs and Telegram.

1confirmation, founded in 2017 by Nick Tomaino, an early Coinbase employee, is one of the first funds to lay out DeFi and Staking, Its portfolio includes Polkadot, Coinbase, Maker, DY/DX, and Augur.

Founded in 2015, Coinfund focuses on the investment and research of crypto assets. It once cooperated with Venrock, Rockefeller’s venture capital firm, in 2018. Jake, the CEO of Coinfund, has a keen investment sense and solid financial technical ability, and is one of the most successful investors in the last three years. The originator and practitioner of generalized Mining, and advanced quality DeFi projects such as Compound ahead of the liquidity mining boom this year, leading the liquidity mining boom.

Spartan Capital is a crypto asset management fund focused on fundamental investments. Our team has over 20 years of investment management experience at Goldman Sachs and Indus Capital. Our investment style is known for rigorous valuation analysis and strong risk management. Control risk and capture outstanding returns.

Divergence Ventures, an investment fund of blockchain project operators that includes Calvin Liu and Geroge Lambeth, strategy directors from Compound and Balancer, respectively, The fund has invested in Compound, Balancer, 1inch and other high-quality DeFi projects.

ZeePrime Capital is a Crypto asset management fund based in Europe. It is known for its calm and steady investment style and is particularly good at finding high quality programmable crypto assets. Portfolio includes Polkadot, Terra, Synthetix, Ren, YFI and others.

Hypersphere is funded by Polkadot Ecological Projects led by Polkadot co-founder Robert Habermeier and Web3 Foundation advisor Jack Platts.

Polychain, founded in 2016 by Coinbase’s first employee Olaf Carlson Wee and backed by A16z, Union Square Ventures and Sequoia Capital, is one of the first native crypto hedge funds with over $1 billion in assets. It is the largest DOT holder and has invested in 41 different public investments in seven areas, including Parity, Web3, Coinbase, 0X, Maker, and Compound.

KR1 is a UK listed company, full name Kryptonite 1, Europe’s leading crypto asset investor. Founded in 2016, KR1 focuses on decentralized platforms and protocols that support the building of emerging Web3 infrastructures. KR1 shares can be purchased by any person or institution on the London NEX Public Stock Exchange.

Over the years, SNZ has been deeply engaged in investment, consulting services and community construction in the blockchain industry. Early ETH and Polkdadot investment institutions have successfully invested in Maker, Bancor, Binhu and other high-quality blockchain projects.

Altonomy specializes in crypto trading and asset management and is committed to providing legalized crypto assets to global institutional investors. Altonomy is the first sell-side trading platform dedicated to the crypto market with institutional-level liquidity services, over-the-counter bulk trading, and advisory and asset management services.

CMS Holdings was founded by Daniel Matuszewski, the former head of Circle Trade, the over-the-counter trading platform owned by crypto asset firm Circle, Other partners in the firm include Bobby Cho, former head of trading in the crypto division at Cumberland DRW, a brokerage, and Julien Collard-Seguin, former Head of technology at Circle.

The past decade has been a golden decade for blockchain development. In the next decade, DeFi market will surge to the sea and ride the wind.

The above investment institutions and strategic partners will help Acala further develop and grow in the following three areas in the future, together bringing financial stability, liquidity and accessibility to users worldwide:

• Helped the Acala parallel chain become the financial center in Kusama and Polkadot

• We will consolidate the implementation of the Acala core protocol

• Help more DeFi application projects build Dapps on Acala

About Acala