Mosaic Ventures and DCG were among the supporters of Zerion, which has gained over 200,000 monthly active users
Decentralized finance investment platform (DeFi) Zerion announced yesterday that it has completed a Series A funding round in which it raised $ 8.2 million from investors including Blockchain.com Ventures, DCG, Lightspeed and Placeholder. The round was led by Mosaic Ventures.
Founded in 2016 by Evgeny Yurtaev, Alexey Bashlykov and Vadim Koleoshkin, Zerion aims to solve the “geographic lottery” of legacy funding by giving everyone access to investment opportunities regardless of where they live.
As Yurtaev explained: “We recognized early on that an internet-scale financial revolution cannot take place without an internet-scale infrastructure that is unpermitted, unrestricted, programmable and composable. DeFi is all of these things and more. “
The Zerion platform is available for web, iOS and Android and supports more than 60 DeFi protocols. Users can explore the DeFi market, trade assets at the best prices of other exchanges, and easily track and manage their portfolio. Zerion users also have full custody of their assets at all times.
The platform now has more than 200,000 monthly active users in 150 countries. Zerion has an average trading volume of $ 5 million per day and has processed over $ 750 million in transactions, including at least $ 110 million that were traded on mobile devices.
Toby Coppel from Mosaic Ventures commented: “We believe that Zerion will be the leading interface for the financial products of the future – DeFi is creating an entirely new alternative financial ecosystem and Zerion enables millions of users to interact with it easily and transparently. “
Serie A was also supported by angel investors, including Joey Krug from Pantera Capital, Stani Kulechov from Aave, Fernando Martinelli from Balancer and Julien Bouteloup from Curve. In addition to the new funding, Zerion’s board of directors is growing with the addition of Brad Burnham from Placeholder and Toby Coppel from Mosaic Ventures.
Zerion aims to be the all-encompassing portal to the DeFi sector and is now focused on business growth to achieve that goal. Next steps on the project’s roadmap include adding support for Layer 2 chains like Polygon, scaling the platform’s infrastructure to meet the demand of over 1 million monthly active users, and improving the user experience for those who who are new to crypto, through learning opportunities, better onboarding and fiat onramps and offramps. The company also aims to expand its team by hiring world-class talent.