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Defiant Media Raises $1.4M to Build the Financial Information Platform for Web3

funding round announcement

Defiant Media Inc., the creator of The Defiant, closed a $1.4M pre-seed round to build the leading information company at the intersection of tech and finance, from investors including IDEO CoLab Ventures, ParaFi Capital, Blockchange Ventures, MetaCartel Ventures, Defiance Capital, Mechanism Capital, GBV Capital, and angels including Anthony Pompliano, Mariano Conti, Andrew Keys and many more (full list below).

The Defiant was founded by Camila Russo in June 2019 to bring objective, comprehensive, independent, and reliable reporting to the world of decentralized finance. Today, what started out as a newsletter has grown to become one of the leading DeFi-focused multimedia platforms. Funds will be used to build a data platform, transform The Defiant into a web3-native media company, and to continue creating unrivaled content.

“The future of finance needs quality journalism and actionable data,” Russo said. “My team and I are building the information platform to provide it. I am so thrilled and grateful to be backed by those who best understand DeFi and the future of media to execute the big vision we have for The Defiant.”

The Definitive Information Source for the Future of Finance 

There is no question in our minds that finance will become more open, decentralized and programmable. In traditional finance, investors rely on information companies delivering content and data to track and analyze markets. The Defiant will provide this key role as web3 takes over, illuminating the way for participants venturing into the frontier of the new financial system.

“Camila has grown The Defiant to become the preeminent information source in the crypto industry,” said Ian Lee, managing director at IDEO CoLab Ventures. “We’re thrilled to be working with her to make The Defiant the world’s first web3-native media and information company.”

“The quality of journalism reporting has been deteriorating over the years. It’s been refreshing seeing Cami build The Defiant as the premier news outlet in crypto bringing back high-integrity and quality reporting to a space that desperately needs it,” said Santiago Roel, partner at ParaFi Capital. “We’re excited to back The Defiant in its journey to become a web3 media powerhouse.” 

The open economy will soon be supporting trillions of dollars in volume and assets. It’s increasingly important that there is a professional information company that this ecosystem can rely on. An organization whose goal is to provide accurate, timely, comprehensive and unbiased information —That’s The Defiant.

Transparent, Unbiased, Reliable

Our journalism and data will help bring transparency, simplify complexity, filter the noise, and highlight both the breakthroughs and risks of the new financial system. We will provide the tools market participants need to make decisions with confidence. 

“Camila and The Defiant continue to prove why they are the leader in DeFi coverage,” said Anthony Pompliano, entrepreneur and host of The Pomp podcast and letter. “I am excited to support them on their mission of building the crucial infrastructure for this new world!”

“The Defiant has emerged as the leading media company in the DeFi sector, which is quickly emerging as one of the largest markets of the blockchain industry,” said Ken Seiff, managing partner at Blockchange Ventures. “We believe that this dominant position coupled with Camila Russo’s bold vision will catapult it into one of the leading media and data companies in the Finance industry.”

The Defiant has covered every major development in DeFi since its very early days, and it will continue leading and growing alongside the space as it explodes. 

“We are very excited to support Camila and the Defiant Media team to bring more professional news coverage and insights into the DeFi space,” said Arthur Cheong, Defiance Capital founder. “We believe the future of media is just getting started with The Defiant team leading the way.”

“The Defiant is not only able to uncover the most compelling stories within crypto but is able to also share them with the rest of the world,” said PeterPan of MetaCartel Ventures. “The work produced by The Defiant will be key to inspiring millions of new cryptonatives around the world.”

We are incredibly fortunate to be backed by some of the best in DeFi, crypto and media: IDEO CoLab Ventures, ParaFi Capital, Blockchange Ventures, Axia8 Ventures, Defiance Capital, Youbi Capital, MetaCartel Ventures, Nima Capital, GBV Capital, Kenetic Capital, Mechanism Capital, IOSG Ventures, Cluster Capital, Serotonin, FreeCo, Morningstar Ventures, Krypital Group, Anthony Pompliano, Mariano Conti, Kendall Saville, Clara Bullrich, Han Kao, Will Price, Peter Pan, Andrew Keys, David Nage, Garrett MacDonald, and Wong Joon Ian. Cooper Turley and DeFi Dad are advisors.

Are you as excited as we are about DeFi and the future of media? Then join us.

“As we dedicate to the building of a financial system on-chain,” said Wayne Lin, Axia8 founder, “the Defiant and Camila take a crucial role in the education, adoption and in the overall healthy growth of DeFi.”

✊ Head to THEDEFIANT.IO for more DeFi news 📰

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