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Decentralized trading platform Slingshot Finance (formerly DEX.AG) raised $ 15 million in a Series A funding round. The Block reports.
It was led by Ribbit Capital, including members: K5 Global, Shrug Capital, The Chainsmokers, singer Jason Derulo, Checkout.com startup founder Guillaume Poussa and Morning Brew CEO Austin Reef.
Slingshot’s current investors Framework Ventures and Electric Capital also joined the round.
The company plans to use the raised funds to double the headcount from the current 18 people, launch a mobile application and support more blockchains.
Slingshot supports Ethereum’s second-tier Polygon and Arbitrum solutions. According to platform CEO Clinton Bembri, the next network will be Optimism, but the team is also considering the Solana, Avalanche and Binance Smart Chain blockchains.
Recall earlier DeFiEarnity platform raised $ 15 million in a Series A funding round.
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