On January 13th, DeFi API startup Conduit announced that it had completed the financing of USD 17 million. This round of financing was led by Portage Ventures, with the participation of FinVC and Gemini Frontier Fund. Angel investors included Rex Salisbury, a former a16z partner. API software tools created by Conduit can enable financial technology, new banks and traditional financial institutions to easily integrate high-yield DeFi products into their existing products.