Kodiak Finance Raises $2M Seed Round
FEBRUARY 5, 2024 — We are thrilled to announce the close of our $2 million seed financing round to develop Berachain’s native liquidity hub. The funding will further enable us to increase the pace at which we scale Kodiak and allow us to continue delivering cutting-edge trading products native to Berachain.
The Kodiak contributors consist of seasoned builders and enthusiasts with diverse backgrounds in DeFi and infrastructure as developers, venture capitalists, and, notably, as prior founders. Our collective journey began approximately seven months ago, fueled by a shared passion to innovate and push the boundaries within the DEX landscape. With an open-ended vision, we set out on this endeavor, driven by the excitement of enhancing Berachain’s growth and user experience.
Joining our development includes our investors: Build-a-Bera, Amber Group, Shima Capital, No Limit Holdings, Ouroboros Capital, Baboon VC, dao5, ODA Capital, Kenetic, Dewhales Capital, Tenzor Capital, Lotus Capital, Owl Ventures, nonce Classic, 3Commas Capital, Wizards Capital, Credo, Blocmates, DoraHacks, Moni, and our valued angels, including Gainzy, Altcoin Sherpa, NaniXBT, Mckenna (Arete Capital), Mr.Block (Curve), Evan Luthra, Ken (Mechanism), Marc (Mechanism), Jerd (Agnostic), Soby (Xai Games), Jani (0xHoneyJar), John Fiorelli (Kenetic), Kirby Ong, Joyce (GCR), and many others who have joined hands to support and contribute to our project.
We’d also like to give a shout-out to the Berachain Foundation and, more specifically, the Build-a-Bera accelerator. When we started this journey and joined Build-a-Bera, we were unsure what to expect as we were the guinea pigs of the first cohort. However, without their support, we would be nowhere close to where we are now. Whether it’s through weekly office hours, in-person working sessions, or even hopping on ad-hoc calls, the Build-a-Bera team has been phenomenal with support on fundraising, strategic direction, business development, product, and marketing. If you need a referral or would like more details on our experience with Build-a-Bera, don’t hesitate to hit us up in our DM’s.
About Kodiak
Kodiak is a foundational building block for liquidity on Berachain — an innovative DEX that combines concentrated liquidity and automated liquidity management. Our product suite is designed to provide traders with the best trading experience and simplify concentrated liquidity provisioning for liquidity providers and protocols. By integrating the following DEX layers, we offer a full suite of trading and liquidity solutions:
- Decentralized Exchange (Kodiak DEX)
- Automated Liquidity Manager (Kodiak Islands)
- Integrated Incentive Layer (Sweetened Islands)
- No-Code Token Deployer Factory (Panda Factory)
In the following weeks, we will open our Discord server to the public and release our public testnet. Make sure to turn on Twitter post notifications for the most up-to-date information on Kodiak.
Thanks for reading and joining us on this journey; 2024 is the year of the Bera.
We now get back to building, Ooga Booga.
- The Kodiak Contributors.
Kodiak is currently not live. Please be cautious of scams. Our Twitter is the only source of accurate information!
Website: https://www.kodiak.finance
Twitter: https://twitter.com/KodiakFi
Medium: https://medium.com/@KodiakFi
