October 12, 2020 Aave raises $25M in new funding round.

DeFi lending and borrowing platform Aave announced it has completed a $25M funding round led by Blockchain Capital. The funds will be used to boost efforts to appeal to Asian markets and institutional investors. Investors in the round will reportedly play a key role in the protocol’s governance going forward. Aave currently has $1.15B in total value locked on its platform.