Spice Route Legal was pleased to advise Pillow Fund, a leading global DeFi platform on raising USD 18.1 million from Accel, Quona Capital, Elevation Capital, and Jump Capital. Pillow provides its users with a platform on which they can invest in multiple cryptocurrencies with the help of curated DeFi strategies. The platform aims at simplifying crypto investments and ensuring attractive returns for users.
Founded in 2021, Pillow Fund has grown into a widespread community of over 75,000 users across 60 countries. The founders plan to use the newly acquired funds to accelerate the expansion of their services across emerging economies in Southeast Asia and Africa. This expansion is already underway, and the company has also reached countries such as Nigeria, Ghana, and Vietnam, among other emerging markets.
Our team, led by Mathew Chacko and comprising Nikhil Joseph, Divya Upreti, Pranjal Pawar, and Raksha HR advised on this deal.