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Fortune

Jeff John Roberts

Compound founder’s new firm Superstate raises $14 million to modernize investing with crypto-style tools

Crypto DeFi blockchain CoinFund

bert Leshner at his home in Bridgehampton, Long Island. (Credit: Elias Williams for Fortune)

Robert Leshner is a crypto pioneer, known for launching the highly successful DeFi protocol Compound and introducing many to the world of automated, decentralized trading. Now, he is building out a new venture, Superstate, that aims to take the best features of DeFi and apply them to the world of mainstream finance.

On Wednesday, Superstate announced it has raised a $14 million Series A round led by Distributed Global and CoinFund. The company declined to disclose a valuation, which comes after Superstate raised a $4 million seed round in June.

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