Archimedes
Home | Archimedes Finance
Los Angeles, United States · Founded 2022 · $7.3M raised
- Headquarters
- Los Angeles, California
- Employees
- 1–10
- Founded
- 2022
- Business Model
- B2C
- Website
- archimedesfinance.com
- Total Funding
- $7.3M
- Last Round
- $4.9M SeedFeb 2023
- Rounds
- 2
About
Archimedes is an open-source decentralized finance (DeFi) lending protocol headquartered in Los Angeles, California, focused on enabling superior capital efficiency for digital asset holders. Its flagship product, the Archimedes Vault, allows users to open leveraged positions of up to 10x using yield-bearing stablecoins as collateral, packaging highly-leveraged positions as tradable ERC tokens. The protocol is backed by top venture capital and crypto funds including Hack VC, and its core team comprises mathematicians, MIT alumni, and engineers with backgrounds at companies such as Okta, PayPal, and Bain. Archimedes raised a $4.9 million seed round in early 2023 and launched its ARCH token on the Ethereum platform.
Summary
Archimedes is a Crypto & Web3 company based in Los Angeles, United States, founded in 2022. It has raised $7.3M in total across 2 rounds, most recently a $4.9M Seed round in Feb 2023. Investors include Hack VC.
Tech & App Stack
3 technologies & apps tracked
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Funding History
Feb 2023
Sign up to see all 2 rounds
Pre-Seed through Seed — per-round amounts, valuations, and who invested in each round.
Investors
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