Donut Bites Down On $2M In Funding

A new, Los Angeles-based startup, Donut, said today that it has raised $2M in a funding round. The funding came from Redalpine, Inventures, angel Robert Leshner (Compound), Entrepreneur First, and theowners of the Washington Nationals baseball team. According to the company, the new round brings its total raised to $3.8M. Donut is working on decentralized finance tools, including a set of banking tools built on the Ethereum. The company's founder is Neel Popat. The company claims users can earn between 4 to 10% APY by investing in digital assets through its app.