San Francisco based maker of decentralized and automated DeFi portfolio manager software raised $23m in Series A funding led by Polychain Capital.
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Sommelier raises $23m in Series A funding
“Sommelier is bringing the promise of the Cosmos blockchain and Tendermint consensus to power a new approach to financial engineering and portfolio management,” said Zaki Manian, Co-Founder of Sommelier. “Over the past decade, we’ve seen incredible decentralized foundations built as a number of blockchain platforms have emerged with numerous use cases, and we’re excited to use this funding to tap the potential of blockchains to create automated portfolio management tools that surpass even what’s possible in traditional, centralized finance.”
