The decentralized financial services platform Term Structure has successfully completed its initial investment round, raising $4.25 million. Investors in the round included HashKey Capital, LongLing Capital, MZ Web3 Fund, and Decima, with Cumberland playing a leading role in the investments.
It is noted that this is the company's second round of financing. According to information from CrunchBase, the company had already raised $2.5 million in September 2022, bringing the total funding to over $6.5 million.
The DeFi platform Term Structure offers its users services for providing fixed and term loans within the framework of decentralized financing. Additionally, the platform facilitates the buying and selling of cryptocurrencies on the secondary market through an internal order book trading system.
The venture company emphasized that the decision to invest in Term Structure was driven by its leading position in the market. In the official statement, it is specified that Cumberland focuses on supporting innovative and effective solutions that meet the current needs of the market.
Term Structure plans to use the raised investments to expand and improve its platform. The main goal is to develop new products that will help both companies and individual users better plan their financial flows in the field of decentralized finance (DeFi) and evaluate various investment opportunities.
