Cadence completes $ 4 million seed round of financing, with Revel VC leading the investment

Securitization and investment platform Cadence announced the completion of a $ 4 million seed round of financing, led by Revel VC, and participated by Morgan Creek Digital, Nimble Ventures, Argo, Tuesday Capital, Manatt and Recharge Capital. In addition, former E * Trade President Navtej S. Nandra, DFG Investment Advisors CEO Oliver Wriedt, and Revel VC general partner Thomas Falk have joined the Cadence Board of Directors. At the same time, Cadence also announced the launch of the “Dutch Auction” system to unlock the private credit market by rebalancing risks and returns. According to Cadence, in the 76 issuances since the launch of the platform, more than 88 million US dollars of notes have been issued, and more than 1.3 million US dollars of interest have been paid, and no default has occurred. Lianwen previously reported that Fat Brands and Cadence began cooperation in September 2019. Morning Star Credit Rating (DBRS Morningstar) rated Fatburger’s securities on Ethereum for the first time. Morningstar said that due to the use of Ethereum has improved transparency so it can access data about securities more quickly.