The modular DEX protocol Valantis has completed a financing of 7.50 million USD.
Powered by ChatGPTAccording to BlockBeats, on November 21, Valantis Labs, the developer of the modular DEX protocol Valantis, has completed a Pre-Seed and Seed round funding totaling $7.50 million, as reported by The Block.
Deven Matthews, co-founder of Valantis Labs, stated that they completed a $3.50 million Pre-seed funding in April 2023, co-led by Cyber Fund and Kraken Ventures, with a valuation of $20 million. In September 2024, they completed a $4 million Seed round funding, led by SevenX Ventures, with the valuation rising to $40 million. Other participants included Semantic Ventures, Figment Capital, Robot Ventures, Anthony Sassano, and Sandeep Nailwal.
Valantis provides a modular framework that helps developers build decentralized trading platforms through composable "modules."