July 26, 2024
LayerPixel, a DeFi solution built on TON, has successfully raised $2 million in a seed funding round. The round was spearheaded by Kenetic Capital and saw contributions from Foresight Ventures, Waterdrip Capital, VentureSouq, Web3 Port Foundation, Microcosm Research, TMM Club, and numerous angel investors.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
LayerPixel | $2M | July 26, 2024 | Seed Round | Kenetic Capital | DeFi |
The funds are set to expedite the development and integration of LayerPixel's DeFi solutions within the Telegram Mini App ecosystem, revolutionizing how users engage with decentralized finance within the Telegram platform.
About LayerPixel
LayerPixel is a comprehensive DeFi solution built on TON for Telegram Mini Apps. It aims to put DeFi into everyone’s pocket by leveraging a modular design to overcome TON’s asynchronous limitations and take advantage of its sharding benefits.
The platform separates the Settlement and Engine Layers, enabling diverse trading strategies, copy trading, and lending through different engines. This allows app developers to configure various user wallets and simplifies user interaction with TON Wallet and other LayerPixel components.
Website: https://layerpixel.io/
About Investor
Investor: Kenetic Capital
Kenetic Capital is a venture capital firm that specializes in digital assets and blockchain-related companies. The firm is known for its proprietary trading and has developed technology to facilitate their quantitative trading strategies. They offer various digital asset-related structured products to counterparts.
Founded in 2016, Kenetic Capital is based in Central, Hong Kong Island, Hong Kong. The firm invests in the equity of Series A and B blockchain technology companies3. Their investment focus is on supporting the infrastructure, enterprise, trading, and finance aspects of the blockchain ecosystem
Location: Hong Kong
Website: https://www.kenetic.capital/
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