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DeFi Marketplace Archimedes Raises $4.9M in Seed Round Led by Hack VC

Archimedes, a decentralized finance (DeFi) lending and borrowing marketplace that is launching this month, has secured another round of funding, the company said in a statement Wednesday.

The recently closed seed-funding round of $4.9 million was led by Hack VC. It adds to $2.4 million of pre-seed funding for a total of $7.3 million in pre-launch fundraising, the Miami-based company said.

Seed-round backers included Uncorrelated Venture, Psalion, Truffle Ventures, Cogitent Ventures, Haven VC and Palsar among others.

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