Decentralised finance startup Pillow said it has raised $3 million in seed funding from investors including Elevation Capital and a host of crypto angel investors such as Scott Lewis, Co-founder of DeFi Pulse; Aniket Jindal, co-founder of Biconomy; and FamPay's co-founders, Kush Taneja and Sambhav Jain, among others.
Founded by Arindam Roy, Rajath KM, and Kartik Mishra in 2021, Pillow helps users worldwide earn interest rates on their crypto, instead of letting them lie idle. It invests in curated, actively managed DeFi strategies.
After launching its beta in December 2021, Pillow has managed to accrue nearly $1 million in assets under management.