Altitude, founded in 2021, is pioneering a financial revolution with its platform that allows users to Borrow USDC against BTC & ETH. The company's unique proposition lies in enabling borrowers to have their collateral not just secure the loan but also earn yield that can pay down the loan, potentially reducing it to zero. This innovative approach aligns perfectly with the decentralized finance (DeFi) movement, providing enhanced financial flexibility and making it a compelling player in the crypto-lending sector.
The startup recently attracted significant investor attention, closing a $4.00M Seed Round on January 9, 2024. The round was led by prominent investors including GSR Ventures, Owl Ventures, G1 Ventures, and New Form Capital. Other notable participants include UDHC, Flow Ventures, Tioga Capital Partners, Marc Zeller, and MetaVision International. This strong backing underscores the confidence the market holds in Altitude's business model and potential for growth.
