February 5, 2025
Reservoir, a company focused on developing infrastructure for cross-chain token trading, has raised $14 million in a Series A funding round. The round, led by Union Square Ventures (USV), also included participation from Variant, Archetype, and Square Peg Capital. The new funding will enable Reservoir to expand its platform to support token trading across a wider range of blockchain networks.
Reservoir provides several tools designed to facilitate token trading across different blockchains. This includes Relay, which allows for bridging, swaps, and token calls across multiple networks such as Solana, Bitcoin, and over 40 EVM chains. Additionally, the company offers Reservoir Swap, a decentralized exchange (DEX) and token API solution, and Reservoir NFT, a service for integrating NFT marketplaces. With the added capital, Reservoir plans to enhance its platform and expand its reach to more blockchain ecosystems.
As the blockchain space grows, the demand for solutions that manage token liquidity across various networks is increasing. Nick Grossman from USV emphasized the importance of tools that make interacting with these complex systems faster and more efficient. The Series A funding will allow Reservoir to improve its infrastructure and solidify its position in the expanding world of cross-chain token trading.
About Reservoir
Reservoir is a platform focused on improving token and NFT trading by offering a range of decentralized exchange tools. The platform’s services include Relay, which supports instant bridging and token swaps, and Reservoir Swap, a full-stack DEX solution. Reservoir helps developers and users manage liquidity across more than 40 blockchain networks.
Website: https://www.reservoir.tools/
X: @reservoir0x
About Investor
Union Square Ventures (USV)
Union Square Ventures is a venture capital firm that specializes in early-stage investments in technology companies. USV has a history of backing successful companies such as Twitter, Coinbase, and Etsy, and continues to invest in emerging sectors such as blockchain and decentralized finance.
Location: New York, NY
Website: https://www.usv.com/
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