Portals, the game-changing DeFi aggregator, secures $2M in seed funding spearheaded by Lightshift Capital

Calgary, Canada, May 3rd, 2023, Chainwire

Portals, the platform that simplifies Web3 by enabling anyone to bundle complex DeFi actions, has announced the successful close of a $2M seed funding round led by Lightshift Capital, with participation from Poolside, Basement Labs, LongHash Ventures, Daedalus Angels, Mechanism Capital and leading angels 0xMaki, Mathieu Baril, Owl.eth, Emile Dubie, Rudy Kadoch, David Dias, and others.

Lightshift Capital, the lead investor, recognized Portals’ unique value proposition in the DeFi space and is excited to be part of their journey. According to Simão Cruz, Founding Partner at Lightshift: “Portals’ emphasis on simplifying DeFi for retail investors is a critical component in driving widespread adoption of this new financial paradigm. With Portals, users no longer need to worry about which type of tokens to hold, which venues to use, or which chains are involved in the transaction. Instead, they can focus solely on the assets they want to use and execute their transactions with ease in just one click.”

With this funding, Portals is poised to continue disrupting and simplifying the DeFi space, allowing anyone to easily manage complex DeFi activities.

Portals enables:

Bundling of complex, multi-step actions, such as swapping interest-bearing, liquidity pool, vault, and other exotic assets in one-click.
Staking to earn yield from over 20,000 supported opportunities, with new platforms frequently added to the list.
Access to Web3 data from DeFi protocols, including liquidity pool and token prices, contract positions, account balances, and more through the Portals API.

The Portals API is built by Web3 natives who understand the challenges and complexity this technology can bring for new developers. Therefore the experienced team of Portals has focused on making the integration as seamless as possible for any level of developer. In addition Lightshift has contributed its engineering teams to build an API integration boilerplate that anyone can use to bootstrap their integration. This ensures that developers have the tools they need to integrate Portals seamlessly into their products, while retail users can enjoy hassle-free access to a vast range of DeFi opportunities.