Defactor Fundraising Update - Softcap Target of $1million Met Within Two Weeks of Going to Market, and $3.3million Hardcap Raise is Now Halfway Through
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Defactor Fundraising Update - Softcap Target of $1million Met Within Two Weeks of Going to Market, and $3.3million Hardcap Raise is Now Halfway Through

Friday, June 11, 2021 7:45 AM
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LONDON, UK / ACCESSWIRE / June 11, 2021 / Defactor, the decentralised platform through which asset originators from around the world can tap into a vast network of DeFi liquidity pools to acquire trade financing, today announces they met their $1million softcap target within two weeks of going to market, and are halfway through their $3.3million total raise.

Thei backers include a significant number of tier 1 VCs and investors, including Sors Digital Assets, Co-Founder and COO of Centrifuge Martin Quensel, Megala Ventures, 6k Starter, Boostxlabs, Blockmint, Dutch Crypto Investors, Decentral, Boostxlabs, Creation Ventures, ConsolFreight and Atom CTO.

Defactor CEO Ernesto Vila commented on the announcement, stating "We want to thank all of our early backers and investors for becoming strategic partners of Defactor. We have no doubt that the firms we chose to partner with will allow us to take our project to the next level, and will help us to realise our vision of providing a decentralised solution for asset originators looking to access trade finance".

Blockchain investment firm 6KStarter commented: "When we invest in DeFi protocols, we look for strong teams that are relentless experts in their craft. We invested in Defactor as their team is highly experienced in the worlds of logistics and finance, with prior history in building a Forbes FinTech 50 nominated company in asset origination.

The Defactor platform brings a unique solution to the table, removing factors that make logistics inefficient. This team is delivering a multi-trillion dollar market of trade, to DeFi. We at 6KStarter are committed to Defactor, just as Defactor is committed to bridging the gap between DeFi and real-world assets (RWAs).

Defactor is a true cross-industry disruptor to look out for in 2021 and the years to come".

Defactor plans to launch its FACTR token at the start of Q3 2021, and plans to release its MVP towards the end of the year. Defactor have already onboarded several leading asset originators who will be the future users of the platform, and earlier this week announced ConsolFreight - the leading real world asset originator for trade finance - as their strategic partner and earliest adopter.

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Stay up to date with all the latest news and announcements from Defactor by following them on Twitter: or get in touch with the team directly through Telegram:

For press enquiries, please contact:

Daniel Beurthe
[email protected]
+44 (0) 7939 463 186

SOURCE: Defactor

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