YieldClub Raises $2.5M in Pre-Seed Funding for Crypto Savings App
YieldClub, a Washington, DC-based company, has secured $2.5 million in Pre-Seed funding for its mobile app designed for crypto savings. The investment comes from Pharsalus, Flex Capital, The House Fund, and Superlayer, along with angel investors such as Kevin Chou, Sam Shank, Charlie Songhurst, and early Solana contributors.
The funding will be used to expedite the app’s public launch, diversify its yield-generating options, and strengthen partnerships. Founded by CEO Mahesh Vellanki and CTO Michael Li, YieldClub offers a user-friendly mobile platform that enables individuals to earn high yields on their crypto savings without requiring extensive knowledge or surrendering control of their funds.
The app is currently available for preorder on the Apple App Store, with the full public launch scheduled for June 23, 2025, on both Apple and Android devices. YieldClub aims to empower users to maximize their crypto savings through a seamless and secure digital experience.
