Fei Protocol raised $19 M in a new round of funding on 2021-03-08.
FEI
FEI
-1.74%
According to media reports, Fei Protocol raised $19 M in a new round of funding on 2021-03-08. the investors in this funding round include Andreessen Horowitz,Coinbase Ventures,Framework Ventures,ParaFi Capital,Variant Fund,Naval Ravikant and others. Following this round, Fei Protocol's total funding reached $19 M.
Fei Protocol is a decentralized stablecoin protocol that aims to improve upon the concept of stablecoins. It implements various innovations, such as Protocol Controlled Value (PCV) as a stability mechanism and numerous other mechanisms to keep the Uniswap liquidity pool and its native stablecoin FEI close to the exchange rate of the US dollar. Additionally, it introduces a native governance token called TRIBE.
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FEI Fundraising History
| Round | Amount | Valuation | Time | Investor(s) |
|---|---|---|---|---|
| -- | $19 M | -- | 2021-03-08 | Andreessen Horowitz,Coinbase Ventures,Framework Ventures,ParaFi Capital,Variant Fund,Naval Ravikant |
Key Milestones
- 2021-03-09Fei Protocol raised $ 19 M in funding round
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0.03% | 0.01% | 0.53% | 0.71% | 0.38% |
