DeBank raises $25 million in round led by Sequoia Capital China at a $200 million valuation

Sequoia Capital China led a $25 million financing round for DeBank, valuing the analytics service at $200 million.

We’ve just closed a $25M equity round at a valuation of $200M.

This round is led by Sequoia China, followed by Dragonfly, Hash Global, Youbi and other angel investors, along with strategic investments from Coinbase Venture, https://t.co/kZVg44T3Tc, Circle, and Ledger.

— DeBank (@DeBankDeFi) December 28, 2021

Participants in the round included Dragonfly, Hash Global, Youbi and other angel investors. Strategic investments were provided by Coinbase Ventures, Crypto.com, Circle and Ledger.

As of this writing, the service had not disclosed how it would use the proceeds.

DeBank was founded in 2019 and supports hundreds of DeFi protocols on Ethereum, Binance Smart Chain, Polygon and other networks.

Earlier in May, the DeFi dashboard Zapper raised $15 million from Framework Ventures, Mark Cuban, Sound Ventures, Ashton Kutcher, Coinbase Ventures, Aave founder Stani Kulechov and others.

Subscribe to ForkLog news on Telegram: ForkLog Feed — all the news, ForkLog — the most important news, infographics and opinions.