November 19, 2024
Barter, a decentralized finance (DeFi) liquidity solver system, revealed it has secured $3 million in seed funding. The funding round was spearheaded by Maven 11, a venture capital firm specializing in web3 investments. Additional participation came from Lattice, Anagram, Heartcore, DCG, and Daedalus Angels, the company announced on Tuesday.
Established in 2023, Barter focuses on facilitating and settling onchain trades while addressing liquidity challenges in DeFi markets. The firm plans to utilize the newly acquired funds to expand its workforce, advance research initiatives, and enhance its flagship DeFi tool, AppChain. This system is designed to optimize liquidity and order flow across various blockchains, aiming to streamline decentralized swaps and trading activities.
Currently, Barter processes up to $20 million in daily transaction volumes across Ethereum Virtual Machine (EVM)-compatible chains. With this investment, the company seeks to strengthen its position as a leader in DeFi trade facilitation and drive innovation in decentralized trading technologies.
About Barter
Barter is a decentralized finance platform offering advanced solutions for liquidity management and onchain trade settlements. Its AppChain system connects liquidity providers with order flow to simplify decentralized trading. The platform operates across multiple Ethereum Virtual Machine (EVM)-compatible blockchains, handling significant daily trading volumes.
X: @BarterDeFi
About Investor
Maven 11
Maven 11 is a venture capital firm dedicated to web3 and blockchain technology investments. The firm supports projects at various stages, emphasizing innovation in decentralized finance, infrastructure, and digital assets.
Location: Amsterdam
Website: https://www.maven11.com/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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