BlockBeats News, Valantis Labs, the developer of the modular DEX protocol Valantis, has recently completed an exciting round of financing totaling up to $7.5 million! 🎉
First, let's review the highlights of this financing. Valantis Labs completed a $3.5 million Pre-seed round in April 2023, led by Cyber Fund and Kraken Ventures, with the company's valuation at $20 million at that time. Following that, in September 2024, they successfully raised another $4 million in a seed round, led by SevenX Ventures, with the valuation doubling to $40 million. Other participants included well-known investors such as Semantic Ventures, Figment Capital, Robot Ventures, Anthony Sassano, and Sandeep Nailwal.
The success of Valantis is not only about the growth in financing amounts but also about its innovative modular framework. This framework allows developers to build decentralized trading platforms through composable "modules," bringing new possibilities to the blockchain industry. Such technological advancements undoubtedly provide developers with more freedom and flexibility, while also delivering a more efficient and secure trading experience for users.
In this vibrant industry, the development of Valantis is undoubtedly a story worth following. For those interested in blockchain and decentralized finance, this is an exciting moment. How do you think the modular framework will change the future of trading platforms? Feel free to share your thoughts and insights in the comments! Let's discuss this promising field together!