Modular DEX protocol Valantis completes $7.5 million financing

The developer of the modular decentralized exchange (DEX) protocol Valantis, Valantis Labs, has raised $7.5 million in pre-seed and seed funding rounds, reaching a valuation of $40 million.

Cyber Fund and Kraken Ventures jointly led the pre-seed financing round, while SevenX Ventures led the seed funding round. Other participants included Semantic Ventures, Figment Capital, Robot Ventures, Anthony Sassano and Sandeep Nailwal