Cicada Partners, a Boston, MA-based non-custodial credit risk management company, raised $9.7M in Pre-Seed funding.
The round was led by Choppa Capital with participation from Bitscale, Bodhi Ventures, Shiliang Tang, and others.
The company intends to use the funds to seed multiple new non-custodial lending pools and fund research and development on new blockchain-enabled lending use cases.
Led by CEO Sefton Kincaid, Cicada is an on-chain credit risk management company that facilitates the growth of institutional lending on public blockchains by enabling lenders to participate in risk-managed non-custodial lending products.
FinSMEs
04/10/2023