https://techcrunch.com/2021/10/20/element-finance-raises-32-million-for-its-defi-fixed-rate-protocol/

Element Finance has raised a $32 million Series A round at a $320 million valuation. The company has been building a new DeFi (decentralized finance) protocol on top of the Ethereum blockchain. It lets you earn predictable returns on investments thanks to fixed rates over a predetermined period of time.

Polychain Capital is leading today’s funding round. Other new investors include Republic, Advanced Blockchain, P2P Validator, Rarestone, Ethereal Ventures and their limited partners. Some of the company’s existing investors are investing once again, such as Andreessen Horowitz, Placeholder, A_Capital, and Scalar Capital. Finally, there’s a long list of DeFi builders who participated in the round.