September 18, 2024
Filament, a hybrid decentralized exchange (DEX) for derivatives on the Sei Network, has raised $1.1 million in seed funding. The round was led by Lingfeng Innovation Fund, with contributions from Halo Capital, Spyre Group, and several angel investors linked to notable Web3 projects like Polygon, Router Protocol, Stakecito, Chorus One, Archerman Capital, and CoinBureau. Former key contributors from Binance, Sei, and Tendermint also participated.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
Filament | $1.1M | September 18, 2024 | Seed Round | Lingfeng Innovation Fund | DeFi |
Filament aims to address liquidity challenges in emerging DeFi ecosystems. The platform was developed by a team with extensive experience from Goldman Sachs, BlackRock, Persistence, Nethermind, and Open Status. Leveraging the Sei Network’s speed and sub-0.5-second finality, Filament ensures rapid order execution.
Currently in beta, Filament plans an uncapped launch in mid-October, initially offering major perpetual futures markets and later expanding into memecoins and exotic markets, strengthening its position in the DeFi ecosystem.
About Filament
Filament is a decentralized perpetual exchange designed to optimize trading in low liquidity environments. Built on the Sei Network, it offers fast order execution and supports trading with up to 30x leverage. Filament uses a unique hybrid model to provide deep liquidity like centralized exchanges, making it easier for users to trade various digital assets efficiently. The platform is currently in beta and aims to expand its offerings to include a wide range of markets.
Website: https://www.filament.finance/
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About Investor
Investor: Lingfeng Capital
Lingfeng Capital is a leading venture fund in Asia that specializes in early-to-growth-stage investments. Established in 2015, the firm is committed to empowering the digital economy and fintech sector by investing in early-stage technology companies.
The firm’s investment focus is primarily on Greater China and ASEAN, with targeted exposure in the UK and EU. Lingfeng Capital is known for its investment in high-impact applications of industrial Internet/IoT space and enabling technologies that drive the trend of industrial digital transformation, such as AI, blockchain, cloud, data analysis, security, semiconductors, robots, and high-performing computing.
Location: Hong Kong
Website: https://www.lif.global/
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