Aark raises $6M in a seed round led by industry pioneers for LRT liquidity integration
04/17/24, 2:37 PM
Location
san franciscoMoney raised
$6 million
Round Type
seed
Investors
Metavest, Ivc, Morningstar Ventures, Cypher Capital, Arrington Capital, Hash Key Capital
Aark has successfully completed its Seed Round funding, attracting investment from leading industry pioneers, including HashKey Capital, Arrington Capital, Cypher Capital, Morningstar Ventures, IVC, and Metavest. With the new investment, Aark aims to grow its team to develop more scalable liquidity, targeting the substantial $10 billion TVL market and enabling unparalleled high-leverage trading of up to 1000x for long-tail assets.
Company Info
Location
san francisco, california, united states
Additional Info
The company recently launched a global brand campaign entitled, The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology to replace existing centralized systems. Built for professional traders, Aark introduces features such as a new automated market maker architecture called parallel market maker (PMM) that enables the trading of 300+ pairs including super long-tail assets. Aark is a remarkable project for its product innovation, mechanism design and ability to reduce LP risk and increase returns."