April 17, 2024
Aark, a decentralized derivatives exchange based on the Arbitrum network, has secured $6 million in its Seed Round funding. The round included investments from HashKey Capital, Arrington Capital, Cypher Capital, Morningstar Ventures, IVC, and Metavest. This funding follows Aark's Pre-Seed round in the second quarter of 2023, which included investments from Delphi Digital, OKX Ventures, and Big Brain Holdings.
Project | Latest Raise Date | Latest Raise | Stage | Total Raise | Lead Investor | Category |
---|---|---|---|---|---|---|
Aark | Apr 17, 2024 | $6M | Seed | $6M | Multiple Investors | DeFI |
Aark is focused on providing liquidity for perpetual trading through the use of LRT (Liquidity Resource Token) assets. The platform offers high-leverage trading opportunities, allowing up to 1000x leverage for various assets. The company aims to address liquidity challenges in the decentralized finance (DeFi) market by tapping into the $10 billion total value locked (TVL) market.
The new funding will be used to expand Aark's team and develop its liquidity integration technology further. The company aims to enhance the scalability and diversity of its platform, providing high-leverage trading opportunities for both retail and institutional investors. Aark's goal is to establish itself as a leading player in the on-chain derivatives market. The company's strategic initiatives include developing a comprehensive liquidity management platform, fostering ecosystem growth through partnerships and collaborations, and expanding its team to accelerate innovation. Aark is committed to creating a robust and user-friendly environment for trading, lending, and borrowing within the DeFi space.
About Aark
Aark is a decentralized derivatives exchange based on the Arbitrum network. The platform focuses on providing high-leverage trading opportunities through the use of LRT assets to enhance liquidity. Founded by professionals with extensive experience in the field, Aark aims to revolutionize the DeFi space by offering scalable and diverse liquidity solutions. The company is committed to driving innovation and growth within the decentralized finance sector.
Website:Â https://aark.digital/Â
X Account:Â https://x.com/Aark_Digital
X Followers today:Â 96,629
X Followers 30 days ago: 95,664
X Change: 956 (+1.01%)
About Investor
Investor: Multiple Investors
Description: The Seed Round funding was supported by a group of prominent investors, including HashKey Capital, Arrington Capital, Cypher Capital, Morningstar Ventures, IVC, and Metavest. These investors are known for backing projects in the blockchain and DeFi sectors.
Location: United States
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