Written by Alexander Ross, Partner at Illuninate Financial.
We're excited to announce our investment in Fordefi’s oversubscribed $18m seed round led by Lightspeed with participation from Illuminate Financial.
Other investors in the round included Castle Island, DCG, Defiance Capital, Electric Capital, Jump Crypto, Pantera Capital, PayPal Alumni Fund, Microsoft, Nima Capital, and StarkWare.
Fordefi have built the first institutional grade, highly secure DeFi wallet that enables its clients (financial services institutions) to seamlessly connect to dApps across a wide range of chains.
We first got to know Josh Schwartz, CEO & co-founder at Fordefi in 2020 when we invested in crypto custody platform Curv’s Series A. Josh was COO at Curv and stood out as unique in a team of rockstars.
We are particularly excited to be working with Josh again as a member of the Illuminate portfolio and feel privileged to collaborate with such an impressive set of co-investors.
To continue reading about Illuminate Financial's investment in Fordefi, please visit Illuminate Financial's Medium page.