Superform Labs Secures $9.5 Million in Funding to Revolutionize Cross-Chain Yield Marketplace for DeFi Protocols
Superform Labs, a crypto startup focused on creating a permissionless cross-chain yield marketplace for DeFi protocols, has secured significant funding to further its mission. The company, founded by former BlockTower Capital investors Blake Richardson and Vikram Arun, along with former Microsoft product manager Alex Cort, has raised a total of $9.5 million in funding.
The initial seed round, which closed in November 2022, brought in $6.5 million. This round was led by Polychain Capital and saw participation from notable investors such as BlockTower Capital, Maven 11, Circle Ventures, and several angel investors including Arthur Hayes, Marc Bhargava, Avi Felman, Michael Bucella, and Bryan Pellegrino. The funding was structured as equity with token warrants, though the valuation remains undisclosed.
Following the seed round, Superform Labs announced a strategic funding round in December 2024, securing an additional $3 million. This round was led by VanEck Ventures, with participation from Polychain Capital, CMT Digital, Amber Group, Node Ventures, BlockTower Capital, Heartcore Capital, Maven11 Capital, and UpTop Capital. The new funding brings Superform Labs’ total funding to $9.5 million.
The company has utilized this funding to launch its flagship product, SuperVaults, which are intelligent on-chain high-yield savings products designed to simplify and optimize yield management for users. The first SuperVault to be launched is SuperUSDC, a stablecoin yield vault for USDC on Ethereum. SuperUSDC allows users to passively earn the highest returns on their USDC across blue-chip protocols without the need for active management. This product leverages SuperPools, an existing Superform product, to access SuperUSDC yield directly from Base, the leading Ethereum L2, at a fraction of the cost of Ethereum.
Superform Labs aims to redefine on-chain finance by making wealth-building effortless, secure, and rewarding. The company’s SuperVaults product offers single-transaction deposits into multi-protocol, yield-bearing vaults, providing users with “set and forget” opportunities focused on earning stablecoin yields. These vaults have been audited by yAudit and multiple independent security researchers from Spearbit.
Since launching in Q2 2024, Superform has delivered secure and optimized yield to over 125,000 depositors, with users earning an average APY of over 20%. The company plans to expand SuperUSDC to additional chains, further enhancing earning opportunities for depositors. The additional funding will also support the development of cross-chain capabilities, enhancing yield optimization for users across multiple protocols, and fuel team growth to advance product development and provide enhanced support to its growing user base.
Superform Labs is also launching Season 2 of its rewards program, offering boosted rewards for SuperVault depositors. The program, called SuperFrens, is a gamified, on-chain rewards system that lets users engage in competitions with each other to achieve the highest rank on its monthly leaderboard. SuperFrens are NFTs with a fixed supply, and collecting multiple NFTs of a tier will qualify users for future rewards and exclusive benefits.
The company’s mission to simplify the path to on-chain wealth is backed by leading investors who believe in the potential of aggregating interest-bearing products in the open to catalyze the next wave of innovation in wealth management. With its recent funding and product launches, Superform Labs is well-positioned to make a significant impact in the DeFi space.