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The Bitcoin lending platform Lava has completed a $17.5 million financing round, with former Visa and Block executives participating.
Golden Finance reports that the platform Lava, which focuses on Bitcoin collateralized lending, has announced the completion of a $17.5 million Series A extension financing and the simultaneous launch of a new dollar yield product. This round of financing was supported by several angel investors, including Peter Jurdjevic from the Qatar Investment Authority and former executives from Visa and Block (formerly Square). Lava's previous Series A financing was led by Peter Thiel's Founders Fund and Khosla Ventures.