Andreessen Horowitz Leads $25M Funding Round for Crypto Lending Startup

Venture capital firm Andreessen Horowitz has led a $25 million funding round for crypto lending startup Compound.

On Nov. 14, Fortune reported that Compound, a decentralized finance (DeFi) lending protocol, secured $25 million in an investment round led by Andreessen Horowitz’s a16z, with participation from other top investors including Paradigm, Bain Capital Ventures and Polychain Capital.

Compound CEO and co-founder Robert Leshner said in an interview with Fortune that the company now has over $150 million in assets on its platform and that the fresh $25 million investment will go towards making the service more accessible to ordinary people. Andreessen Horowitz general partner Chris Dixon commented on the partnership: Read More...