Struct Finance completes $3.9M seed funding round

Struct Finance completed a $3.9 million seed funding round to improve the ecosystem’s ability to create, customize, and invest in DeFi products, Invezz learned from a press release.

Among the 24 elite investors who took part in the round were Avalaunch, AVentures Dao, Double Peak, FBG Capital, Antler, Arcanum Capital, Assymetries Technologies, Bison Fund, Infinity Ventures Crypto, Keychain Capital, Bixin Ventures, Finality Capital Partners, Lancer Capital, Lucidblue, and more.

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Struct Finance will use the newly acquired funds to develop tools for institutions to customize their interest rate products with ease and add options to develop structured products, which suit different investor profiles better.

Mark Stanwyck, Cofounder of Avalaunch commented:

As crypto markets mature and DeFi takes root, the need for sophisticated instruments which are capable of supporting the demands of institutional and retail investors becomes paramount. Struct not only offers this, but also allows users to compose existing instruments together, opening an endless array of strategies. The team behind Struct has done nothing but build and execute around these novel concepts, and it’s an honour to be able to support them on their journey.

A natural evolution for crypto space

Structured products use a combination of different options, interest rate products, and other financial instruments to adapt investments to different risk profiles, asset classes, and market expectations. They are a natural development in the crypto space with the emergence of derivatives in the market.

Overcoming challenges

Many protocols offering derivative instruments suffer from fragmented liquidity because they have a multitude of maturity dates. However, they keep using conservation functions that result in either major changes to discount rates or high slippage.

Struct overcomes these challenges by expanding the structured product range. The platform offers users a way to customize interest rate tools and create superior financial products.  

Galen Law-Kun, Founding Partner at Double Peak stated:

Struct Finance marks our first DeFi Investment into the AVAX Ecosystem. Through the leadership of Louis, Ersin and Miguel, we believe Struct Finance will set the gold standard of templated smart contracts. Thus, allowing people to easily release their own structured financial products either on AVAX or various other ecosystems. Double Peak Group is very excited to be a part of this journey in bringing mainstream adoption to DeFi and in the long term, support a multichain future for Struct Finance.

Jingcheng Li, Managing Director at FBG Capital added:

As Defi goes to the next level, the market for derivatives will grow significantly in the future, and the Struct Finance team has the right products to fit the market needs. We are delighted to support this very promising team.