AdaSwap Secures $2.6 Million in Private Funding Round on March 2, 2022
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According to media reports, AdaSwap raised $2.6 million in a private funding round on March 2, 2022. Investors in this round included iAngels, Shima Capital, COTI, Banter Capital, Stardust, GBV Capital, Efficient Frontier, Pluto Digital, Finova, and prominent actress Gal Gadot. With this financing, AdaSwap's total funding has reached $2.6 million.AdaSwap is a decentralized exchange (DEX) built on the Cardano ecosystem, offering token and stablecoin swaps within Cardano, cross-chain bridging, and trading services. Amid rapid growth in the DeFi sector, AdaSwap provides essential infrastructure support to the Cardano ecosystem. Notably, the project officially launched on the mainnet on November 28, 2022, marking a significant milestone in its development. This funding is expected to further advance AdaSwap’s product development and market expansion, potentially energizing DeFi innovation within the Cardano ecosystem.
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ADA Fundraising History
| Round | Amount | Valuation | Time | Investor(s) |
|---|---|---|---|---|
| Private Sale | $2 M | -- | 2022-03-01 | iAngels,Shima Capital,COTI,Banter Capital,Stardust,GBV Capital,Efficient Frontier,Pluto Digital,Finova,Gal Gadot |
Key Milestones
- 2022-11-28AdaSwap is live on mainnet
- 2022-03-02AdaSwap raised $ 2.6 M in Private round
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