Aave

company

About

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

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

Employee Profiles

Number of Employee Profiles
9
Aave has 9 current employee profiles, including Executive Stani Kulechov
Executive
Employee
Employee
Employee