September 12, 2024
Titan, a new DEX aggregator on Solana, has raised $3.5 million in pre-seed funding. The funding round was led by Round13 Digital Asset Fund, with contributions from RN Financial Corporation and several angel investors. The funds will be used to further develop Titan, expand the team across various departments like engineering, marketing, and business development, and support a platform launch later this year.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
Titan | $3.5M | September 12, 2024 | Pre-Seed Round | Round13 Capital | DEX |
This funding round indicates that Titan is gaining momentum in both digital and traditional asset markets. Titan aims to provide a superior alternative to the current market leader, Jupiter, which handles over $1 billion in daily swaps and has over 2.5 million unique addresses. The Titan team believes that competition is crucial for driving innovation and enhancing services in the DeFi community.
Titan marks a new chapter for a team already known for innovation in asset management and high-frequency trading. The founding team is well-positioned to challenge the status quo and set new standards in the DEX aggregation space on Solana.
Titan is set to launch its beta in the coming weeks, marking a significant milestone as it begins to engage with users and gather feedback. The support from early-stage investors reflects a shared vision for the future of DeFi on Solana.
About Titan
Titan Exchange (TTNEX) is a global cryptocurrency and digital assets trading platform. It allows users to trade, invest, and spend various cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). The platform offers flat fees, secure storage, and real-time transactions. It also supports trading on the go with mobile apps and provides robust security features like two-factor authentication.
Website: https://titandex.io/
About Investor
Investor: Round13 Digital Asset Fund
Round13 Digital Asset Fund (DAF) is a venture capital firm based in Toronto, Canada, that focuses on investing in the digital assets sector. Launched in 2021, the fund supports early-stage companies in areas like AI, gaming, Metaverse, identity, and blockchain infrastructure. Round13 DAF aims to drive mainstream adoption of cryptocurrencies and has a unique open-ended structure, allowing it to adapt to various market conditions.
Location: New York
Website: https://r13daf.com/
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