TechFlow News — On November 21, according to The Block, modular decentralized exchange (DEX) protocol Valantis has completed two funding rounds totaling $7.5 million. The $3.5 million pre-seed round was co-led by Cyber Fund and Kraken Ventures, while the $4 million seed round was led by SevenX Ventures. Participants in the funding rounds included Semantic Ventures, Figment Capital, Robot Ventures, as well as Anthony Sassano and Sandeep Nailwal.
According to Deven Matthews, co-founder of Valantis Labs, the seed round valuation reached $40 million—double the pre-seed valuation. Since launching its first modular DEX product, HOT-AMM, in June this year, Valantis has facilitated over $50 million in trading volume and currently holds more than $5 million in total value locked (TVL).
