Aave

About

Aave is an open source non-custodial protocol on Ethereum for decentralized lending and borrowing.

London,England,United Kingdom
11 - 50
https://www.aave.com

Highlights

Details

Last Funding Type: Seed
Industries: Blockchain,Cryptocurrency,Ethereum,Financial Services,FinTech,Lending,Open Source,Peer to Peer
Founded date: May 1, 2017
Number Of Employee: 11 - 50
Operating Status: Active
Legal Name: Aave SAGL.
Also Known As: Aave Protocol

Aave (from the Finnish word for "ghost") is an open source non-custodial protocol on Ethereum for decentralized lending and borrowing. For lenders, the protocol mints ERC20-compliant aTokens at a 1:1 ratio to supplied assets. Interest immediately starts compounding continuously, represented by a steady increase in the amount of aTokens held by the lender. This interest stream may be redirected to any address, separate from the aTokens that represent the underlying principal.

Aave offers flash loans: trustless, uncollateralized loans where borrowing and repayment must occur in the same transaction. Aimed at developers, this feature could lead to innovative uses of DeFi.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

8

$44.50M

Aave has raised a total of $44.50M in funding over 2 rounds. Their latest funding was raised on Feb 4, 2022 from a Secondary Market round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Feb 4, 2022	Secondary Market	—	1	—	—	Detail
Jan 30, 2021	Secondary Market	—	1	—	—	Detail
Oct 12, 2020	Series Unknown	$25M	4	Blockchain Capital Blockchain.com Ventures Standard Crypto	—	Detail
Jul 15, 2020	Initial Coin Offering	$3M	3	Framework Ventures	—	Detail
Jul 1, 2020	Initial Coin Offering	—	1	DTC Capital	—	Detail

Investments

Number of Investments

Number of Lead Investments

1

0

Aave has made 1 investments. Their most recent investment was on Jul 9, 2019, when Auro Travel raised €10M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Jul 9, 2019 Auro Travel	Series Unknown	€10M	Logistics	—

Investors

Number of Lead Investors

Number of Investors

6

18

Aave is funded by 18 investors. Blockchain Capital and Blockchain.com Ventures are the most recent investors.

Investor Name	Lead Investor	Funding Round
Blockchain Capital	Yes	Series Unknown
Blockchain.com Ventures	Yes	Series Unknown
Standard Crypto	Yes	Series Unknown
Framework Ventures	Yes	Initial Coin Offering
DTC Capital	Yes	Initial Coin Offering
IBM	Yes	Seed
Caesar Chad	—	Secondary Market
James Sowers	—	Secondary Market
Genesis One Capital	—	Series Unknown
Ganesh Kompella	—	Initial Coin Offering