Rio DeFi Scores Landslide Victory During Private Round Of Investments

Twelve Venture Capital Funds join RFUEL Community Crowdsale

Hong Kong, September 20th 2020

The highly anticipated community crowdfunding campaign of RioDeFi is off to a booming start. The blockchain technology company has kicked off the community crowdsale of its RFUEL token sale with a bang by attracting the support of twelve venture capital companies and completing a 15 million private round of fundraising.

This endorsement follows the highly successful launch of MANTRA DAO, RioChain’s first DeFi services platform, which has become a blockchain sensation over the summer. Therefore, it should come as no surprise that many of the backers of RioChain token sale also invested in MANTRA DAO.

Jonathan Habicht, Managing Partner at Moonrock Capital, summed up best the enthusiasm surrounding the project: “RioDeFi has all the right components to not only perform very well within the crypto space but also gain interest from users and investors outside of this industry. Their technology is truly impressive and matches the team’s vision and ambitions. We are excited to support them on their mission to create a DeFi platform for the masses.”

RioDeFi’s ambition to build a cross chain financial ecosystem also attracted the support of Kyle Chasse, Founder and CEO at Master Ventures: “We have been extremely interested in the interoperability plays such as Polkadot and believe this will be the future. After speaking with the team and learning about the parachain/substrate model of Rio, it became obvious this is something we wanted to be involved in, not just from an investment perspective but to also potentially build on top of. “

Rio DeFi’s launch also coincides with the recent upsurge of activities surrounding the Polkadot network. The sharded blockchain project lead by Ethereum co-founder Gavin Wood recently launched its main net and made its native DOT token transferable. RioDeFi’s core technology RioChain is built, like Polkadot, on the Parity Substrate framework.

In the words of RioDeFi’s CEO James Anderson “We are a big proponent of interoperable blockchain. We believe cross chain technology is a means to expand the potential of existing networks and an opportunity to spur the level of adoption of this technology to new heights. RioDeFi’s value proposition and product line is totally aligned with this vision.”

James’s opinion on the potential of cross chain solutions to address scalability issues is shared by Ron Sade, Managing Partner at Brilliance Ventures: “The last few weeks have witnessed a surge in the level of attention garnered by Polkadot. The current difficulties experienced by Ethereum network to support fast growing DeFi services make the need for interoperable blockchain more apparent every day. We believe that RioDeFi is ideally positioned to address this issue”.

It is worth noting that RioChain beta version has been running since April and is being audited by leading cybersecurity company Certik which clients include industry giants Binance, Bitmain and OKEx.

Below is a brief overview of the various institutions that have endorsed RioDeFi:

Kenetic

Kenetic is one of the first blockchain focused Venture Capital firms in Asia, with a long track record of supporting great founders and visionary projects, and one of the most active crypto trading desks in the region.

https://kenetic.capital/

Moonrock Capital

Moonrock Capital is a Blockchain Advisory and Investment Partnership based in London and Hamburg. Founded in 2019 by Alex Smith, Simon Dedic and Jonathan Habicht Moonrock Capital brings to the table a wealth of experience from different backgrounds including crypto-economic research, digital media, advertising and venture capital.

moonrockcapital.io

Master Ventures

Master Ventures is a blockchain focused Venture Studio building the next generation of infrastructure companies to drive blockchain adoption. We bring together visionary ideas, exceptional talent, and investment capital to build world-changing companies.

Brilliance Ventures

Brilliance Ventures is an Israeli based Venture Capital fund, which invests in core technology in growth stages; their investment is then utilized to facilitate the next round of equity financing of the portfolio companies. They have offices in Tel-Aviv, Beijing and Shanghai.

Mapleblock Capital

Mapleblock is an investment firm which allows investors to invest in top tiered Blockchain projects. Their portfolio of investments in the space include leading organizations such as Huobi, Algorand and Bitmax.

Amplifi Capital

Amplifi was formed by a group of early crypto adopters turned private investors. They assist projects they invest in with partnerships, growth, token exchange listing and marketing. Amplifi Capital leverages its broad network of partners to foster cross country association, technology and platform sharing.

Signal Ventures

Signal Ventures is an investment firm specializing in emerging technologies and cryptocurrencies. They invest in early stage blockchain startups and decentralized blockchain protocols.

signal.vc

Vendetta Capital

Vendetta Capital has brought together a multi-disciplinary team that has immense experience spanning from investing, portfolio management, and capital markets to marketing and blockchain technology. Vendetta invests in, leads, and helps projects to accelerate developing novel solutions to address the core issues of scalability, privacy, and interoperability for decentralized protocols and applications.

Consensus Lab

Consensus Lab is one of China’s leading blockchain investment funds. Established in 2017 by Fred Wang, Consensus Lab’s core activity is to incubate a large number of startups and to fosters research in the field of distributed ledger technology. Consensus Lab is also one of the founding members of global investment alliance Nova Club.

Plutus VC

Plutus VC is a 200 million dollar investment fund headquartered in Hong Kong. Although Plutus VC’s main focus is telecommunication technology, the fund’s portfolio includes a broad array of internet startups ranging from online gaming to cybersecurity and payments.

Merkle Capital

Merkle Capital is Thailand largest digital asset research firm & fund management that aims to bridge the traditional investment to an emerging asset class. With the combination of an experienced team, multi investment strategies, an asset custody solution and a top-tier education, our investors can tab into a digital asset world while having a peace of mind.

merkle.capital

AU21 Capital

AU21 is a San Fransisco based hybrid venture and hedge fund that invests in high growth blockchain and AI companies. AU21 Capital was founded by Chandler Guo and Kenzi Wang, two early investors in blockchain project and cryptocurrency exchanges.

https://au21.capital

About RioDeFi

RioDeFi is a blockchain technology company that aims at bridging the gap between traditional and decentralized finance. RioDeFi’s key technology is RioChain, a digital infrastructure which is designed to support high performance financial applications.

RioChain is built on Parity Substrate, which enables cross-chain interoperability. This means it can interact with assets of other blockchains, such as Bitcoin and Ethereum.

Find out about the latest development of RioChain on RioDeFi’s website:

riodefi.com

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