Bitcoin lending platform Lava raises $17.5 million, launches new yield product – MAXBIT

Bitcoin Lending Protocol Lava Bags $17.5M Series A Extension Backed by Angel Investors

Quick take: Lava CEO Shehzan Maredia said the extension round was targeting strategic individuals. The fundraising follows a $10 million Series A round announced in December 2024, co-led by Peter Thiel’s Founders Fund and Khosla Ventures. Lava’s platform allows investors to earn yield on their USD by funding Bitcoin-backed loans. Bitcoin lending protocol, Lava, has raised $17.5 million in an extended Series A round backed by multiple angel inve…

Lava raises $17.5M and launches bitcoin-backed lending platform

Lava, a bitcoin-focused financial services startup, announced on Wednesday that it has raised $17.5 million in new funding while also launching a lending product offering yields on US dollars. In a post on X, the company said its platform allows users to fund overcollateralized loans secured entirely by bitcoin (BTC), with lenders earning up to 7.5% on their deposits.  The funding follows Lava’s earlier $10 million Series A round led by Founders…

Bitcoin lending platform Lava raises $17.5 million, launches new yield product – MAXBIT

Lava has also launched a new dollar yield product, currently offering up to 7.5% APY on loans backed solely by bitcoin collateral. Source link