On-chain private equity lending startup Valinor completes $25 million seed funding round, led by Castle Island Ventures

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Deep Tide TechFlow update. On March 30, according to Fortune, Valinor, a blockchain private credit startup co-founded by former Blackstone employees, announced that it has completed a $25 million seed round. The round was led by Castle Island Ventures, with participation from Susquehanna’s crypto division, Maven11, and the founders of TeraWulf, a company that transitioned from a Bitcoin mining firm to an artificial intelligence company.

Valinor’s core business is to put private credit workflows on-chain. Traditional private credit institutions, when handling business such as revolving credit facilities, rely on manual review and coordination via electronic spreadsheets. Valinor plans to replace the above process with smart contracts to enable automated routing of funds and condition-triggered execution.

Both co-founders have backgrounds in traditional finance. They previously worked in banks and in Blackstone’s private credit division, and in 2022 they pivoted into the crypto industry. Initially, Valinor focused on providing loans to crypto companies; it then introduced blockchain technology into the lending workflow to improve efficiency. To date, the company has already completed lending for a number of fintech and crypto firms using blockchain technology.

The proceeds from this round will be used to expand the scale of lending, broaden the customer base, and add team members. At present, the company has 6 employees.

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