Ethereum-based DeFi platform Compound completes $25M Series A

Ethereum-based DeFi platform Compound completes $25M Series A – Decrypt

Decentralized finance (DeFi) protocol Compound today announced that it has completed a $25 million Series A capital raise led by investment giant Andreessen Horowitz. The raise was estimated to have taken place at a $90 million valuation for Compound, a decentralized-lending platform which currently holds over $150 million in its DeFi platform.