# DELV

> Former Element Finance — fixed-rate DeFi yield protocol (wound down 2025).

## Why it is interesting

Canonical a16z crypto + Polychain DeFi syndicate on fixed-yield primitives before team sunset — useful historical comp for DeFi infra investors.

## Profile

- **Stage:** other
- **Status:** acquired
- **Industries:** crypto-web3, fintech
- **Coverage:** full
- **Last updated:** 2026-07-24

## Key facts

- Series A (Oct 2021): $32M led by Polychain; a16z participated (Element Finance blog)
- Seed (Mar 2021): $4.4M led by a16z (company blog); DELV wound down Jun 2025
- Co-investors not in VCT directory: Polychain Capital
- VCT directory co-investors: none mapped (non-directory syndicates noted above); reviewed 2026-07-24

## Investors in our directory

- https://venturecapitaltracker.com/fund/andreessen-horowitz

## Related articles

- https://venturecapitaltracker.com/2026-a16z-hot-portfolio-companies

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Source: https://venturecapitaltracker.com/startup/delv