TechFlow News, according to The Block, Reservoir, a cross-chain token trading infrastructure provider, has raised $14 million in Series A funding led by Union Square Ventures, with participation from Coinbase Ventures, Variant, Archetype, 1kx, and others. The financing combines equity and token purchase warrants, and Union Square Ventures partner Nick Grossman will join the board.
Founded in 2021, Reservoir previously raised $12 million. The company currently has 25 employees and plans to expand to 40 by year-end. Its products include Relay, a cross-chain bridging and swapping platform; Reservoir Swap, a decentralized exchange; and an NFT marketplace API serving major platforms such as Coinbase, OpenSea, and Magic Eden.
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