Backd

Backd is a promising startup founded in 2020, positioning itself at the intersection of fintech and information technology. The company's slogan, "Amplify the potential of assets to start earning yield with a protocol for responsive liquidity in decentralized finance (DeFi)," encapsulates its core mission. Backd offers a protocol for reactive liquidity in decentralized finance, aiming to maximize the power of assets and begin generating yield. The latest milestone for Backd was the $3.50M Series A investment received on 07 June 2022. Notably, this round of investment was backed by a consortium of esteemed investors including Divergence Ventures, Maven 11, Spartan Group, Apollo Crypto, Advanced Blockchain, and Struck Crypto. This recent infusion of capital highlights the level of confidence that these prominent investment firms have in Backd's innovative approach to decentralized finance. With this significant financial backing, Backd is well-positioned to leverage the capital to scale its operations and advance its protocol for responsive liquidity in DeFi. These developments make Backd a company to watch within the burgeoning realm of decentralized finance.