November 14, 2019 DeFi lending protocol Compound raises $25m Series A.

Compound offers pooled lending services through money market funds with algorithmically determined interest rates, originating over $100m in loans to date. It plans to partner with exchanges, brokers, and custodians to expand their business lines into lending, using Compound as a backend protocol. Participants in the round include Andreessen Horowitz, Bain Capital Ventures, Polychain, and Paradigm.