Valantis, a modular DEX protocol, has completed a $7.5 million Pre-Seed and Seed fundraising round.

BlockBeats News, November 21st, according to The Block, the developer of the modular DEX protocol Valantis, Valantis Labs, has completed a $7.5 million Pre-Seed and Seed round of financing.

Valantis Labs co-founder Deven Matthews stated that they completed a $3.5 million Pre-Seed round in April 2023, with Cyber Fund and Kraken Ventures co-leading the Pre-Seed round at a valuation of $20 million. In September 2024, they completed a $4 million Seed round, with SevenX Ventures leading the Seed round, increasing the valuation to $40 million. Other participants include Semantic Ventures, Figment Capital, Robot Ventures, Anthony Sassano, and Sandeep Nailwal.

Valantis provides a modular framework to help developers build decentralized exchanges through composable "modules."