Modular DEX protocol Valantis raises seed round at $40 million valuation
Powered by @unfolded- Valantis Labs has raised $7.5 million in funding, achieving a valuation of $40 million, with participation from notable investors like Cyber Fund and Kraken Ventures.
- The modular DEX protocol Valantis claims to offer superior features compared to Uniswap V4, including the ability to support multiple assets in a single liquidity pool.
- Valantis was initially developed as an internal project at Nethermind before becoming an independent entity in 2023, and it has already launched its first modular DEX, HOT-AMM, which has seen significant trading volume.
- The team at Valantis Labs is currently small, consisting of seven members, with plans to expand by adding a few engineering roles.
https://www.theblock.co/post/327460/modular-dex-protocol-valantis-funding-valuation