TechFlow reports that on March 30, Valinor—a blockchain-based private credit startup co-founded by former Blackstone employees—announced the completion of a $25 million seed funding round. Castle Island Ventures led the round, with participation from Susquehanna’s crypto division, Maven11, and the founder of TeraWulf, a Bitcoin mining company transitioning into an AI firm.
Valinor’s core business is to move private credit processes onto the blockchain. Traditional private credit institutions rely on manual verification and spreadsheet-based collaboration when handling revolving credit facilities and similar services. Valinor plans to replace these processes with smart contracts to automate fund routing and condition-triggered execution.
Both co-founders have backgrounds in traditional finance, having previously worked at banks and in Blackstone’s private credit division, before transitioning into the crypto industry in 2022. Initially, Valinor focused on lending to crypto-native companies; it later integrated blockchain technology into its lending workflows to improve efficiency. To date, the company has extended loans to several fintech and crypto firms using blockchain technology.
Funds raised in this round will be used to scale loan volumes, expand the customer base, and grow the team; the company currently employs six people.
