Composable Finance Raises $32 Million in Series A

Composable Finance is pleased to announce that it has raised over $32 million in Series A funding. The round included notable supporters from the space. GSR, Ignite (formerly Tendermint Ventures), Fundamental Labs, Coinbase Ventures, LongHash Ventures, Figment VC, New Form Capital, DFG, Blockchain Capital, 0xVentures, Yunt Capital, Jump Capital, Polytope Capital, NGC Ventures, SOSV, and Spartan Group were among those who participated.

This latest round of funding marks another step in Composable’s journey to achieve blockchain agnosticism in DeFi and the broader Web3 space. It comes after the successful procurement of a parachain on Polkadot, the Composable Parachain, and a Kusama parachain, Picasso. Composable has also built out its offering with Mosaic, its transfer-availability layer, Centauri, the IBC Substrate bridge to the Cosmos ecosystem, and Pablo, our next-generation decentralized exchange on Picasso.

This new capital will be used to expand the team and build products that push the blockchain and Web3 industry further along the continuum of interoperability. Futuristic capabilities like cross-chain computing, with smart contracts that span multiple ecosystems, and developers that spin up protocols that securely handle institutional throughput, are a reality through Composable’s cross-chain virtual machine (XCVM) and Routing Layer. Both sit on our new Composable Parachain, which benefits from Polkadot’s shared security and scale. Composable believes it can achieve a point of absolute blockchain agnosticism, standardizing access for DeFi applications, wherein developers and users enjoy ultimate user accessibility and optimized function across multiple ecosystems.

Josh Gibson from GSR commented, saying:

Rob Zhuang, Head of Operations, connects product, design, and development to optimize the team’s performance. He believes the new round will enable Composable to deepen its world-class team:

Zain Awan, Composable’s Chief Marketing Officer (CMO), acknowledges the significance of this event in scaling their processes and easing adoption barriers:

Karel Kubat, Composable’s Chief Technical Officer (CTO), brings to light the importance of attracting the best technical talent in order to develop cutting-edge solutions in the DeFi space:

0xbrainjar, Composable’s Founder and Head of Product, spearheads the development of Composable’s novel innovations. He holds deep expertise in the blockchain space and a critical understanding of the challenges plaguing the DeFi sector. He commented:

The team at Composable Finance is excited to leverage its latest round of investment to grow its team and continue engineering novel interoperability solutions in the industry. The team continues its push in releasing the latest updates on Mosaic, Centauri, Pablo etc., all products currently under development for the full realization of the Composable vision. Stay tuned by following Composable and Picasso’s social handles.

For more information about Composable and how it is architecting the unified DeFi landscape of the future, check out our socials:

Twitter | Telegram | Discord | Website | GitHub | LinkedIn



Composing DeFi for Mass Adoption

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