The following tech startups – Drop Protocol, Decagon, Platformr, Vue Protocol, Treehouse — have announced their VC funding from venture capital companies to boost their growth.
Drop Protocol Secures $4 mn
Funding Amount: $4 million
Lead Investor: CoinFund, with additional support from CMS Holdings, Anagram, Interop Ventures, and others.
Objective: The funding will be used to strengthen the economic viability of sovereign blockchain economies and enhance security features.
Innovation: Drop Protocol is a liquid staking protocol that provides receipt tokens (dAssets) representing staked positions. These tokens auto-compound staking rewards and can be used throughout the Drop ecosystem for additional yield.
Decagon Raises $65 mn
Funding Amount: $65 million (total of $100 million to date)
Lead Investors: Bain Capital Ventures, with participation from Elad Gil, A*, Accel, BOND Capital, and ACME Capital.
Objective: The funds will be utilized to enhance Decagon’s engineering team, accelerate its go-to-market strategy, and expand into new verticals, particularly in AI-powered customer support solutions.
Innovation: Decagon is revolutionizing enterprise customer support through AI customer support agents that automate tasks and enhance productivity, aiming to help businesses build more resilient workforces.
Platformr Secures $2.5 mn
Funding Amount: $2.5 million
Lead Investors: Oregon Venture Fund (OVF), with participation from Cascade Seed Fund and other investors.
Objective: The funding will support the expansion of Platformr’s AWS CloudOps solutions following a recent product launch, addressing time-to-market pressures and cloud governance challenges for organizations migrating to AWS.
Innovation: Platformr’s solution automates the migration, building, and deployment of technology solutions on AWS, enabling organizations to achieve scalable and reliable product delivery in under an hour.
Vue Protocol Raises $6 mn
Funding Amount: $6 million (pre-seed and seed round)
Investors: Eureka Capital, PAKA, Genesis Ventures, and AU21 Capital.
Objective: The funding will accelerate the development of Vue Protocol’s social infrastructure and drive integrations with various ecosystems in the Web3 landscape.
Innovation: Vue Protocol is developing a Layer 2 solution designed to enhance user experience and facilitate social interactions in the decentralized web.
Treehouse Secures $16.6 mn
Funding Amount: $16.6 million
Lead Investors: Flourish Ventures, with participation from Eaton, Veriten, MassMutual Ventures, inVest Ventures, and others.
Objective: The funding will be used to expand Treehouse’s national operating footprint and enhance its capabilities in managing electrification projects for automotive OEMs, utilities, and hardware manufacturers.
Innovation: Treehouse offers a software-enabled installation platform powered by AI that automates the electrification process, providing instant pricing and a streamlined experience for customers and electricians.
