Key Points: Archimedes is a decentralized lending and borrowing system based on leverage. It has raised $4.9 Million in preliminary funding. Wednesday’s announcement by Archimedes indicated that Hack VC was the investor, with participation from Uncorrelated Ventures and Truffle Ventures as well as Haven VC. The total amount raised by the company now exceeds $7.3 million, with a $2.4million pre-seed round.
