The Protocol

Calgary, Canada, September 13th, 2023, Chainwire 
 
Following the tremendous success of their Seed Round in early 2023, <a href="https://portals.fi/" rel="noopener noreferrer nofollow" target="_blank">Portals</a>, the DeFi protocol aggregator simplifying Web3 by consolidating DeFi actions, has announced the successful close of their Seed Extension, securing $500K. This Seed Extension builds on their recent $2M Seed Round funding (led by Lightshift Capital), further bolstering their financial footing and allowing the team to accelerate the creation of a DeFi experience that is user-friendly, efficient, and comprehensive. 
Participants in the Seed Extension include Bankless Ventures, Digital Currency Group, and Founderheads. Their contributions signal a deep trust in the Portals vision, team, and achievements thus far. 
Founderheads general founder, Sarunas Legeckas, had this to say on the successful Seed Extension: 
<blockquote>
 “We are thrilled to be a part of Portals’ journey towards the goal of improving the DeFi experience. With full confidence, we believe this will be a significant advancement in the world of Web3. Furthermore, considering the team's capabilities, given their exceptional track record, ensures that this project will be a tremendous success.” 
</blockquote> 
Portals co-founder Suhail Gangji emphasized the enthusiasm for the project as the driving force behind the Seed Extension and its success: 
<blockquote>
 “As our Seed Round drew to a close, we took note of the many calls for additional opportunities to back our vision of One-Click DeFi. It’s no secret that DeFi has a UX problem in desperate need of a solution; that truth resonated and this Seed Extension is a testament to that. The additional capital allows us to build faster as we unravel the intricacies of tokens, protocols, and chains for a broader audience. Navigating DeFi should be as easy as we can make it.” 
</blockquote> 
Portals enables: 
<ul> 
 <li>Bundling of complex, multi-step actions, such as swapping interest-bearing, liquidity pool, vault, and other exotic assets in one-click.</li> 
 <li>Staking to earn yield from over 20,000 supported opportunities, with new platforms frequently added to the list.</li> 
 <li>Access to Web3 data from DeFi protocols, including liquidity pool and token prices, contract positions, account balances, and more through the Build On Portals API.</li> 
</ul> 
<h3 id="br"> </h3> 
<h3 id="about-portals">About Portals</h3> 
Portals is a platform that simplifies Web3 by enabling anyone to easily bundle complex DeFi actions. It was founded by Suhail Gangji, who previously co-founded Zapper, and Nabi Ozberkman, who has extensive experience in DeFi as part of the OlympusDAO team. The company plans to use the $2.5M in Seed Round &amp; Seed Extension funding to accelerate product development and expand the team as they continue to simplify DeFi and make it accessible to everyone. 
For more information, visit:&nbsp;<a href="https://portals.fi/" rel="noopener noreferrer nofollow" target="_blank">Website</a>&nbsp;|&nbsp;<a href="https://twitter.com/portals_fi" rel="noopener noreferrer nofollow" target="_blank">Twitter</a>&nbsp;|&nbsp;<a href="https://discord.gg/b8znpYsw" rel="noopener noreferrer nofollow" target="_blank">Discord</a> 
For media inquiries or further information, please contact us at <a href="http://hello@portals.fi" rel="noopener noreferrer nofollow" target="_blank">hello@portals.fi</a>. 
 
<h5>Contact</h5>Founder Suhail Gangji Portals suhail@portals.fi

Portals, The Protocol Aggregator Building ‘One-Click Defi’, Secures $500k Seed Extension (13 Sep)

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