Nested to raise $7.5 million in Series A funding round led by Alan Howard.

Nested, a Paris, France-based crypto startup building a DeFi social trading platform based on financial NFTs, announced completing a $7.5 million Series A funding round.

The money was raised from investors led by digital asset investor Alan Howard, and joined by Republic Capital, Kenetic Capital, and CMT Digital. The round included contributions from angel investors and technophiles, including Joseph Eagan, former president of Polychain Capital, Lily Liu, co-founder of Earn, which was acquired by Coinbase, and Julien Bouteloup, founder of StakeDAO, REKT, Blackpool, and early contributor of Curve, amongst others.

The proceeds will be used to hire more people and build more product enhancements, such as portfolio leaderboards, staking, lending of the underlying assets, decentralized limit orders, and various types of social-oriented features such as user profile creations and integrated messaging features.

Nested, founded by CEO Rudy Kadoch, Founder, developed a platform that enables users to build portfolios of tokens, track their performance, add, sell and swap tokens, and sell in one click the underlying value of said portfolios at any time. Moreover, because the Nested portfolios are minted as NFTs, – thereby called ‘NestedNFTs’ – they are easily discoverable on the platform and can be used as a mechanism to further gamify and strengthen communities by allowing creators to share them with their audience via social media or send them as a gift or a reward. For those new to crypto and DeFi, Nested allows one to explore profiles, portfolios, and replicate one’s favorite strategies. For DeFi users, influencers, or community leaders, the platform allows one to showcase portfolios, results, share knowledge, and earn royalties every time a portfolio is replicated.

The company has launched on Polygon, Binance Smart Chain, and Avalanche, and will continue to scale to bring the social trading experience to all compatible networks.