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§ Private Profile · Lewes, DE, USA
DeFi middleware platform and smart wallet for individual users, simplifying complex asset management across Ethereum protocols.
Instadapp is a decentralized finance (DeFi) middleware platform based in Hyderabad, India, providing a smart wallet interface for managing assets across various protocols. The platform simplifies complex actions, such as leveraging or swapping collateral, into single transactions for non-technical users interacting with Ethereum-based protocols like MakerDAO, Compound, and Uniswap. Instadapp has previously managed over $5 billion in locked value. The company secured $2.4 million in seed funding in October 2019 from investors including Pantera Capital, Coinbase Ventures, Standard Crypto, and Naval Ravikant, with Andre Cronje also noted among its supporters. Instadapp was founded in August 2018 by Sowmay Jain and Samyak Jain. Its business model centers on funded through venture capital investments, including seed rounds, no specific revenue model detailed in sources.
Instadapp has raised $12.4M across 2 funding rounds.
Instadapp has raised $12.4M in total across 2 funding rounds.
Instadapp has raised $12.4M in total across 2 funding rounds.
Instadapp's investors include Standard Crypto, Andre Cronje, DeFi Alliance, Longhash Ventures, Paul Veradittakit, Balaji S., Loi Luu, Naval Ravikant, Coinbase Ventures, IDEO CoLab Ventures, Robot Ventures.
Instadapp has raised $12.4M across 2 funding rounds. Most recently, it raised $10.0M Other Equity in June 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 15, 2021 | $10M Venture Round | Standard Crypto | Andre Cronje, DeFi Alliance, LongHash Ventures | Announced |
| Oct 1, 2019 | $2.4M Seed | Paul Veradittakit | Balaji S., LOI LUU, Naval Ravikant, Coinbase Ventures, IDEO CoLab Ventures, Robot Ventures | Announced |