PANews reported on November 12 that according to official news, modular trading protocol Valantis announced the completion of a US$7.5 million Pre-Seed + Seed round of financing, led by SevenX Ventures, Cyber Fund and Kraken Ventures, with participation from Semantic Ventures, Figment Capital, Monoceros, Robot Ventures and Credibly Neutral. Angel investors include Anthony Sassano, Sandeep Nailwal, DeWhales Capital, Nathan Worsley (DeFi Cartel), etc.
The new funds will be used for continued product development. Valantis innovatively introduced a modular architecture in DEX, customizable and reusable "modules" that can solve the problem of DEX liquidity dispersion, reduce development costs and improve composability.
Valantis plans to continue creating and supporting new liquidity infrastructure across the EVM to support its long-term vision for the future of DeFi.
