Solrise Finance, a DeFi protocol that aspires to help investors with limited experience and small sums participate in decentralized finance (DeFi), has successfully completed a $3.4 million funding round, according to a press release shared with iHodl.
The participants in the fundraising include Alameda Research, CMS Holdings, Delphi Digital, Jump Capital, Parafi Capital, DeFi Alliance, Reciprocal Ventures and Skyvision Capital.
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The Solrise platform, which is permissionless and transparent, has been designed to help DeFi users cost-effectively allocate capital across a wide variety of actively managed funds and passively automated investment pools.
The protocol includes decentralized non-custodial asset management services allowing users to create, manage and invest in portfolios of native and synthetic assets.
The company has reported that it will spend the funds to make the DeFi ecosystem more accessible to a wider investor audience.