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Brainchild Of University Friends, Brine Fi Secures $16.5M, Launches Top-Ranking Decentralised Exchange

Sep 07, 2023•almost 2 years ago

Amount Raised

$16.5 Million

Dubai

Investors

Protofund VenturesUpsparks VenturesGoodwater CapitalSpartan GroupStarkware LtdElevation CapitalPantera Capital

Description

Innovating the decentralised finance space, Dubai-based Brine Fi has just closed $16.5 million series A funding. The round was led by an American hedge fund that specialises in cryptocurrencies, Pantera Capital (which backed Few and Far and Pinata) with participation from Elevation Capital, Starkware Ltd, Spartan Group, Goodwater Capital, Upsparks Ventures, Protofund Ventures, and angel investors. With this, the company’s valuation reaches $100 million. 

Company Information

Company

Brine Fi

Location

Dubai, Dubai, United Arab Emirates

About

Track your portfolio, get better P&L analysis, and Trade like a pro at zero gas fee. Being an orderbook DEX makes it easier to switch from your CEX to Brine.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech