DeFi Portfolio Tracking Firm DeBank Raises $25M in Round Led by Sequoia China

Posted on by American Coins & Gold

DeFi Portfolio Tracking Firm DeBank Raises M in Round Led by Sequoia China
Decentralized finance (DeFi) portfolio firm DeBank has raised $25 million in a funding round led by venture capital firm Sequoia China. DeBank allows users to track and analyze their DeFi investments.DeBank tweeted Tuesday that the funding round brings the firm’s valuation to $200 million.Other participating investors included Dragonfly, Hash Global, Youbi, Coinbase Ventures, Crypto.com, Circle and Ledger.Crypto.com confirmed the funding round in a separate tweet, adding it is excited to be supporting DeBank as it aims to bring the next billion users to Web 3.There has been increased investment in Web 3-related business that promotes decentralized protocols and aims to…