Valantis, a company developing a modular framework for launching decentralized exchanges, has received an investment of $7.5 million. The funding round covered the Pre-Seed and Seed stages. The valuation of the project amounted to $40 million. The key participants of this stage were such large venture funds as Kraken Ventures, cyberFund and SevenX Ventures. The funding stage was also attended by well-known investment companies: Delphi Ventures, Monoceros, Figment Capital and Dewhales Capital. This list underlines the high interest in the project among leading venture funds working with blockchain technologies and decentralized financial solutions. The main goal of Valantis is considered to be the creation of a toolkit for programmers to facilitate the process of creating decentralized exchanges. The modular approach allows for easier integration of different components, which makes development more flexible and speeds up the introduction of new solutions on the market. This is especially important against the backdrop of growing interest in DeFi products.
Among the project’s investors are also spotted some well-known business angels, such as Sandeep Naywal, Anthony Sassano, Quinny Wu, Nathan Worsley and Nikita Ovchinnik. Their participation underscores the confidence in Valantis’ success in the decentralized product market. The
$7.5 million in early stage funding is a significant achievement for the company. It will help Valantis focus on further developing and improving its product, which in turn should strengthen the organization’s position in the cryptocurrency market in the coming years. It is likely that some of the funds received will go towards expanding the startup’s team as well as developing new tools.
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