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Backd

Amplify the potential of assets to start earning yield with a protocol for responsive liquidity in decentralized finance (DeFi).

Founded 2020 Series A Total: $3.50M Fintech, Information Technology

General Information

Company Name Backd
Founded Year 2020
Industries Fintech, Information Technology
Funding Stage Series A
Social

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About 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.

Business keywords: Decentralized finance, DeFi, Liquidity protocol, Yield generation, Asset optimization, Responsive liquidity, Crypto assets, Blockchain technology

Funding Rounds & Investors (1)

View All
Funding Stage Amount Investors Lead Investors Date
Series A $3.50M 6
Divergence Ventures, Maven 11 +4
07 Jun 2022

Backd Alternatives & Competitors

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Backd vs
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FAQ About Backd

Amplify the potential of assets to start earning yield with a protocol for responsive liquidity in decentralized finance (DeFi).
Backd was founded in 2020.
Backd operates in Fintech and Information Technology. Its work centres on Decentralized finance, DeFi, Liquidity protocol and Yield generation.
Backd has completed 1 funding round, raising a total of $3.50M. The latest funding stage is Series A.
Top alternatives and competitors to Backd include KingSwap, Archimedes, flowty.io, Gitshock Finance, Nexera. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Backd and KingSwap are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Backd, https://bouncewatch.com/company/backd, updated 12 September 2024. When citing, please name BounceWatch and link this page.

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