PANews, November 12 - According to official news, the modular trading protocol Valantis has announced the completion of a $7.50 million Pre-Seed + Seed round of financing, led by SevenX Ventures, Cyber Fund, and Kraken Ventures, with participation from Semantic Ventures, Figment Capital, Monoceros, Robot Ventures, and Credibly Neutral. Angel investors include Anthony Sassano, Sandeep Nailwal, DeWhales Capital, and Nathan Worsley (DeFi Cartel).

The new funds will be used for the ongoing development of the product. Valantis innovatively introduces a modular architecture in DEX, featuring customizable and reusable "modules" that can address the issue of decentralized liquidity in DEX, reduce development costs, and enhance composability.

Valantis plans to continue creating and supporting a new type of liquidity infrastructure across the entire EVM to support its long-term vision for the future of DeFi.