Fintech startup Kira closes oversubscribed $2.2m private round led by blockchain investors

Fintech startup Kira closes oversubscribed $2.2m private round led by blockchain investors

Published: 20-08-2020 16:32:00 | By: Pie Kamau | hits: 4991 | Tags:

Kira, a decentralized finance technology company, successfully closed its Seed round backed by the private equity firm Ascensive Asset Management and Alphabit Fund. The team has closed an oversubscribed $2.2 million private round, which was led by BTC12 Capital, backed by TRG CapitalNGC Ventures and Origin Capital. After closing the sold-out rounds, investors on the waitlist were invited to join the public round, planned for Q4 2020.

Roger Lim, Founding Partner at NGC Ventures said: "Kira is a brilliant team of people that is working on enabling full access to the underlying value of any digital asset. They are creating a true decentralized solution that allows trustless and scalable market access. This will revolutionize DeFi with a new approach to liquid staking. We want to be a part of their journey." 

Milana Valmont, co-founder and CEO said: "This latest round shows the confidence in the project from the crypto community and validates our vision for Kira and liquid staking. We are humbled to have received such unprecedented demand from investors and support from the ecosystem," said co-founder and CEO Milana Valmont

Mateusz Grzelak, CTO Kira said: "We look forward to executing on our roadmap, launching the testnet over the next 3 months.''

Kira Core is building the first decentralized solution using Tendermint and Cosmos SDK to secure and power DeFi applications with liquid staking - Kira Network. With its novel consensus -Multi-Bonded Proof of Stake (MBPoS), Kira aims to enable users to generate revenues from staking any cryptocurrencies, stablecoins, digital fiat, or even NFT's while maintaining full liquidity via natively supported staking derivatives.

Kira's Interchain Exchange Protocol (IXP) is going to be the very first DeFi application propelled by the liquidity of assets at stake. Thanks to IXP users will be able to stake and trade their assets at the same time.  Kira's goal is to unlock the full potential of any digital asset and allow its use with multiple interconnected blockchains or DeFi's applications at the same time by leveraging interchain protocols supported by Cosmos Network and Polkadot such as IBC and XCMP.