September 30, 2020 Compound founders raise $4M for new DeFi fund.

The founders of Compound, an Ethereum-based decentralized financial lending protocol, and Gauntlet Network, a cryptofinancial modeling firm, have joined to establish a new fund under the former’s Robot Ventures investment firm. The fund has secured $4M in funding in a round led by Galaxy Digital with participation from Paradigm Capital. The fund will focus on seed investments.