Maple, the onchain capital market, has successfully closed a robust $5 million strategic funding round, co-led by industry titans BlockTower and Tioga Capital.
This significant injection of capital marks an exciting chapter for Maple, as it boldly charts its course beyond the boundaries of DeFi. The primary objective now is to extend its lending services into the traditional financial market, a strategic move poised for growth and innovation.
Remarkably, this funding milestone signifies Maple’s third triumphant fundraise. It builds on the foundation of a $1.3 million Seed round in December 2020 and a $1.4 million Venture round in March 2021, as documented by Crunchbase data.
Maple Finance stands as a distinguished onchain capital marketplace, where seasoned credit experts curate lucrative lending opportunities for liquidity providers.
In this strategic funding endeavor, Maple has secured the enthusiastic backing of prominent players in the crypto realm, including Room40 Ventures, Cherry Crypto, Spartan Capital, GSR Ventures, and Veris Ventures. Additionally, loyal investors Maven 11 and Framework Ventures have reaffirmed their commitment to Maple’s vision.
Maple is strategically setting its sights on the APAC and LATAM regions, recognizing a burgeoning demand for an institutional-grade on-chain lending and borrowing platform. The injection of capital will empower Maple to forge dynamic partnerships with protocols, financial service providers, and credit professionals while steadfastly advancing its decentralized technology infrastructure, as eloquently stated in the company’s blogpost.