On-chain private credit startup Valinor completes a $25 million seed round, led by Castle Island Ventures

Gate News message: On March 30, blockchain private credit startup Valinor announced the completion of a $25 million seed round. The round was led by Castle Island Ventures, with participation from Susquehanna’s crypto division, Maven11, and the founders of TeraWulf, a Bitcoin mining company that has pivoted to artificial intelligence. The company’s core business is to put private credit workflows on-chain, replacing the manual verification and spreadsheet coordination processes that traditional private credit firms rely on with smart contracts, enabling automated fund routing and condition-triggered execution. Both co-founders have backgrounds in traditional finance; they previously worked at banks and in Blackstone’s private credit department, and transitioned into the crypto industry in 2022. Valinor initially focused on providing loans to crypto companies, and later introduced blockchain technology into the lending process to improve efficiency. To date, the company has completed lending for several fintech and crypto companies through blockchain technology. The funds raised in this round will be used to expand the loan volume, broaden the customer base, and add team members. Currently, the company has 6 employees.