VC Fund Investments
DeFi startup Pillow raises $3-M from Elevation Capital, others
Bengaluru-based Pillow, a decentralised finance startup that helps generate yields on crypto investments, has raised USD 3 million in a seed funding round led by Elevation Capital. A clutch of angel investors – including Polygon founders JD Kanani and Sandeep Nainwal, FalconX cofounder Prabhakar Reddy, Livspace's Ramakant Sharma and Dunzo's Mukund Jha – also participated in the fundraising. The new capital will be used to build alpha-generating DeFi strategies for popular crypto assets as well as for global expansion.
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