On-chain private equity lending company Valinor completes $25 million seed round financing

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Golden Finance reports that Valinor, a blockchain private credit startup co-founded by a former Blackstone employee, has announced the completion of a $25.0 million seed round. This round was led by Castle Island Ventures, with participating investors including the crypto division of Susquehanna, Maven11, and the founders of TeraWulf, a bitcoin mining company that has pivoted to artificial intelligence.
Valinor plans to replace the above process with smart contracts to enable automated routing of funds and condition-triggered execution. Both co-founders have backgrounds in traditional finance: they previously worked at banks and in Blackstone’s private credit division, and transitioned into the crypto industry in 2022. In its early stage, Valinor focused on providing loans to crypto companies; afterward, it introduced blockchain technology into the lending process to improve efficiency. To date, the company has completed lending for several fintech and crypto enterprises using blockchain technology. The funds raised in this round will be used to expand the loan book, broaden the customer base, and add team members. Currently, the company has 6 employees.

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