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Blockchain private equity lending startup Valinor completes $25 million funding round, led by Castle Island Ventures
BlockBeats message: On March 30, according to a report by Fortune magazine, Valinor, a blockchain private credit startup founded by former Blackstone employees, has completed a $25 million seed round. This round was led by Castle Island Ventures, and participants also include Susquehanna’s crypto division, Maven11, TeraWulf founder Paul B. Prager, and Nazar Khan.
Valinor aims to use blockchain and smart contracts to overhaul the private credit process, thereby improving loan efficiency. This funding round will be used to expand the lending business scale and add personnel.