Fundraising

ICO

Aave raised nearly $17m during it's ICO in 2017, selling LEND (now AAVE) tokens during a five day period.

First Token Sale

Aave sold $4.5m worth of LEND tokens to Three Arrows Capital, Parafi and Framework Ventures, with $3m LEND being purchased by Three Arrows Capital in July 2020.

Second Token Sale

Aave raised $25m from Blockchain.com, Blockchain Capital, and Standard Crypto In October 2020.

Currently and based on Aave's corporate structure this is assumed to be another token sale

Archivist's Note

• LoA is currently in the process of tracking down the initial transactions of these sales. This page will be updated with that information when possible.
• Most token sales occur over centralized exchange OTC desks to obscure movements (often an investor requirement) and not impact the market.