November 20, 2024
Valantis, the modular decentralized exchange (DEX) protocol, has raised $7.5 million across two rounds of funding to further develop its customizable DEX infrastructure. The company secured $3.5 million in April during its pre-seed round, which closed at a $20 million valuation, with Cyber Fund and Kraken Ventures co-leading the round. The subsequent $4 million seed round, closed in September, valued Valantis at $40 million and was led by SevenX Ventures.
Other investors in the rounds included Semantic Ventures, Figment Capital, and Robot Ventures, with angel investors Anthony Sassano and Sandeep Nailwal also participating. Both rounds were structured as simple agreements for future equity (SAFEs) with token warrants. Valantis differentiates itself from competitors like Uniswap by offering developers a modular framework to build DEXes using composable modules, enabling more flexibility and scalability.
The protocol’s first modular DEX, HOT-AMM, has already processed more than $50 million in trading volume, highlighting its potential to transform liquidity pool management in decentralized finance.
About Valantis
Valantis is a decentralized exchange (DEX) protocol designed for developers who wish to create customized exchanges using composable modules. Unlike traditional hooks-based models, Valantis’ modular approach offers greater flexibility, allowing developers to combine various modules like dynamic fee mechanisms and automated market maker (AMM) curves without altering smart contracts. This innovative framework is designed to foster scalability and ease of integration within the decentralized finance ecosystem.
Website: https://www.valantis.xyz/ X: @valantislabs
About Investors
Cyber Fund
Cyber Fund co-led the pre-seed round for Valantis, focusing on early-stage blockchain ventures. The firm supports blockchain-based projects in the cryptocurrency and decentralized finance sectors. Cyber Fund plays a key role in promoting innovation in the blockchain space by investing in projects with high growth potential.
Location: Amsterdam, The Netherlands Website: https://www.cyber.capital/
Kraken Ventures
Kraken Ventures invests in blockchain, cryptocurrency, and Web3 projects, backing initiatives of decentralized finance and digital asset technology. The firm seeks to support projects that are shaping the future of the crypto economy.
Location: San Francisco, California Website: https://www.krakenventures.com/
SevenX Ventures
SevenX Ventures focuses on investments in Web3 and decentralized finance. SevenX Ventures specializes in identifying and backing blockchain startups, aiming to accelerate innovation and growth within the decentralized ecosystem.
Location: Singapore
Website: https://www.7xvc.com/ A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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