October 2, 2023
DLC.Link Completes $2Mn Pre-Seed Investment Round
In a challenging climate, DLC.Link successfully raises $2M, highlighting the strength of its technology, team, and vision.
Introduction
Following the collapse of major players like FTX, Celsius, Voyager, 3AC, and BlockFi, fundraising for crypto protocols plummeted over 70%. In this challenging climate, DLC.Link has successfully raised $2Mn in a pre-seed round, showcasing the strength of our technology, team, and vision.
Investors
Our pre-seed round was co-led by ABCDE Capital, founded by the co-founder of Huobi, and Comma 3 Ventures. DeFi funds Bixin, Contribution Capital, and AlphaDAO, and consulting firm DeSpread also invested. On the Bitcoin side, we secured investment from New Layer Capital, SBX, Gossamer, and Waterdrip Capital, known for their Bitcoin mining expertise.
Strategic contributions came from Trust Machines, Chainlink and Stacks Foundation. Chainlink was our first investor via their Foundation's grant program, and Stacks Foundation awarded us their inaugural Partner-level grant.
Angel investors include Charlie Songhurst (Bitcoin whale and super-angel), Matt Barby (DeFi expert and podcaster), Saeed Al-Zaabi (formerly Director at the General Secretariat of Abu Dhabi) and Kieran Flanagan (CMO of Zapier), who invested through Sequoia Scout.
Furthermore, a number of accelerator programs have supported our growth, including Chainlink for Startups, Bitcoin Frontier Fund, Creative Destruction Lab, GSD Ventures and Interchain Builders.
For press inquiries, contact Aki Balogh, CEO.
