Wildcat Protocol Developer Completes $3.5M Seed Extension Round, Led by Robot Ventures

BlockBeats News, September 5th. According to The Block, lending protocol Wildcat's developer Wildcat Labs has completed a $3.5 million seed extension round of financing. The round was led by Robot Ventures, with participation from Triton Capital, Polygon Ventures, Safe Foundation, Hyperithm, Hermeneutic Investments, Kronos Research, and angel investors including Fei Protocol co-founder Joey Santoro, Vyper core contributor Charles Cooper, and Ink founder Andrew Koller.

Wildcat co-founder and CEO Laurence Day stated that this financing round used a Simple Agreement for Future Equity (SAFE) structure, valuing Wildcat Labs at $35 million post-money, with investors receiving a 10% stake. This funding round brings Wildcat Labs' total funding to $5.3 million. The new funds will be used to further integrate the Wildcat protocol into the Ethereum DeFi ecosystem, expanding access to a wider audience by bringing the private credit market on-chain.