PANews reported on March 30th, citing Fortune, that Valinor, a startup founded by former Blackstone private lending team members, announced the completion of a $PANews reported on March 30th, citing Fortune, that Valinor, a startup founded by former Blackstone private lending team members, announced the completion of a $
Valinor raises $25 million in seed funding, led by Castle Island Ventures.
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PANews reported on March 30th, citing Fortune, that Valinor, a startup founded by former Blackstone private lending team members, announced the completion of a $25 million seed funding round. The round was led by Castle Island Ventures, with participation from Susquehanna's crypto division, the founders of Maven11 and TeraWulf, among others. Valinor, co-founded by Connor Dougherty and Lily Yarborough, plans to migrate private lending to the blockchain, replacing traditional loan processes that rely on forms and manual review with smart contracts to improve the efficiency of "rules-driven" loans, such as the $50 million revolving credit line. The company currently has six employees and has already issued loans to a small number of fintech and crypto companies. In the future, it plans to expand its lending scale and focus on "real economy lending" scenarios.
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