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Tuesday, January 21, 2025
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Ellipsis Labs Raises $20M Series A from Paradigm

Ellipsis Labs is building a world where mainstream finance happens on-chain.

Ellipsis Labs is excited to announce a $20M Series A fundraise, led by Paradigm. Other participating investors include Electric Capital and over 30 industry leaders across the crypto ecosystem.

Ellipsis Labs started with Phoenix, a fully on-chain orderbook DEX on Solana. Phoenix has become a top 5 DEX by spot volume across all chains, without relying on liquidity incentives or unprofitable passive liquidity.

The next step for DeFi must bring the advantages of a decentralized system — accessibility, transparency, and auditability — to the liquidity and efficiency that only exists in traditional finance today. Phoenix is only the first step on the long-term path to a better financial system.

Ellipsis Labs will be using the new funding to accelerate the progress of DeFi, up and down the stack.

Companies In This Post

  1. Circle Announces Acquisition of Hashnote and USYC Tokenized Money Market Fund Alongside Strategic Partnership With Global Trading Firm DRW Read more
  2. QOMODO Welcomes RTP Global and LMDV Capital as New Investors and Raises €13.5M Series A to Revolutionize Payments for Physical Merchants Read more
  3. XPP and Oxivo Group Form Strategic Alliance to Transform Public Transport Payment Solutions Read more
  4. Series B Supercharges LeapXpert Growth Across Global Enterprises Read more
  5. Sky Links Capital Secures Prestigious Securities and Commodities Authority (SCA) UAE License Read more
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