Ethereum-based savings game PoolTogether raises $1M from IDEO CoLab Ventures, ConsenSys Labs

Funding Rounds

▤ Summary

PoolTogether, a blockchain-powered no-loss, audited savings game, has raised $1 million in the latest financing round led by IDEO CoLab Ventures. PoolTogethers co-founder and chief vision officer Leighton Cusack told The Block that the latest fundraising was based on a simple agreement for future equity. In an online post, he said that the funding has enabled them to make several enhancements to both the PoolTogether protocol and consumer application. Cusack told the news outlet that they are planning to launch a new USDC-based pool with daily prizes. We’re committed to making that a reality by developing the PoolTogether Protocol to be permissionless, composable, and decentralized,” Cusack wrote.

$ Funding

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Amount $1.1M Total raised
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Date February 4, 2020 Announcement date
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Investors - Lead investors
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Company https://www.pooltogether.com/ Funded company

▥ Classifications

industries
Media and Publishing
applications
Web and Content Management

◇ AskAI Classifications

Labels
SaaS Developer Tools Browser Extensions

▦ Linked Companies