Valinor raises $25 million in seed funding, led by Castle Island Ventures.

CoinFeed reported on March 30th, citing Fortune, that Valinor, a startup founded by former Blackstone private lending team members, has completed a $25 million seed funding round. The round was led by Castle Island Ventures, with participation from Susquehanna's crypto division, Maven11, and the founders of TeraWulf, among others. Valinor, co-founded by Connor Dougherty and Lily Yarborough, plans to migrate private lending to the blockchain, replacing traditional loan processes that rely on forms and manual review with smart contracts. This aims to improve the efficiency of "rules-driven" loans, such as the $50 million revolving credit line.