On-chain yield market Superform completes $3 million financing, led by VanEck Ventures

ChainCatcher news, the on-chain yield market Superform has completed a $3 million financing round, led by VanEck Ventures, with participation from Polychain Capital, CMT Digital, Amber Group, Node Ventures, BlockTower Capital, Heartcore Capital, Maven11 Capital, and UpTop Capital. The company raised $6.5 million in a seed round in November 2022, bringing Superform Labs' total funding to $9.5 million.

This round of financing will enable Superform to expand its product offerings and launch SuperUSDC on Ethereum, with the funds facilitating team growth.

According to RootData, Superform is a full-chain yield market. The protocol aggregates vaults, routes assets, and executes transactions within EVM networks. It also serves as an instant distribution platform for ERC-4626 vaults.