DeFi dashboard startup Zapper nets $1.5 million in seed round

Investments • August 27, 2020, 1:51PM EDT
The Block

The startup behind a user dashboard for decentralized finance (DeFi) has netted $1.5 million in seed round funding after winning Kyber's DeFi Hackathon last year.

Zapper enables users to manage their capital in the DeFi ecosystem from one UI. DeFiZap won Kyber's Hackathon last November for a platform that allowed users to allocate across multiple protocols in a single transaction. This May, DeFiZap merged with DeFiSnap to create the hub Zapper. Currently, the platform supports 18 protocols, enabling farming for a variety of yields, including YAMs.

Prior to the merger, DeFiZap appeared on The Block's map of projects in the open finance ecosystem.

Zapper said the funding would be used to further "expand DeFi accessibility." Framework Ventures and Libertus Capital led the round, with names like CoinGecko and Zee Prime Capital also participating. Michael Dunworth from Wyre, Meltem Demirors from Shiny Pony and Mariano Conti from Maker are also among the project's angel investors.