Dexlab Investor Report
A brief breakdown of our backers and investors
In June 2021, Dexlab completed a $1.44 million fundraise for our Seed and Strategic investor rounds.
This accounts to 9.5% of the maximum token supply.
Part of the fundraise originated from grants given to us by The Solana Foundation and Eco Serum. We are grateful that the pillars behind the ecosystem believe in us. We are excited for this opportunity, and hope to onboard some of the best projects out there.
We also had many leading blockchain venture capitals, such as Parataxis Capital, Genesis Block Ventures, CMS, and NGC Ventures. We are grateful that they believe in our vision of a decentralized exchange and token minting platform on Solana.
Julian Gropp, Portfolio Manager at Parataxis Capital, said that “Given the growing importance of enabling cross-chain transactions, we believe Dexlab to be ideally suited to become the go-to platform for trading, minting and listing of Solana-based tokens and are excited to support the exceptionally talented team in its mission.”
Kevin McCordic, investment analyst at CMS, mentioned that “We believe Dexlab will be a staple in the promising Solana ecosystem. Launching Solana projects in a decentralized manner is crucial to the short-term incentives to grow the Solana network, and will also increase longevity and long-term success of projects building here. Dexlab’s success in creating a functional advanced DEX (with best-in-class trades, swaps, pools, etc) put’s them ahead of the competition, and we expect to see them expand the overall market as they continue to onboard new clients and users.
We look forward to trading on Dexlab, as well as introducing other potential high-value users.”
We also had many backers, that included Ledger Prime, Arca, Bixin, DFG, Sonic Capital, members of Race Capital, VTG, Evernew Capital, Genblock, Rok Capital, Dragon Roark, 499Block, Cryptomeria Capital, Axia8 Ventures, M6, and PetRock Capital.
“I’m very excited about the upcoming launch of Dexlab's Minting Lab and continued growth of their DEX. Tools to help onboard new users and projects within Solana are hugely beneficial to the whole ecosystem. This is especially true in key geographic areas such as Asia where the Dexlab team will be focused on.” added Chris McCann, a Partner at Race Capital, about Dexlab.
These investors and backers are important for Dexlab’s success, as they provide us with amazing insights, support in business development, human resources, financial advice and asset management. With the vast and rich resources provided to us, we will make sure that our platform becomes a successful and major entry hub to Solana.
Stay up to date with the latest #Solana projects launching through Dexlab, and make sure you don’t miss out on any new tokens by following us on Twitter or joining our Telegram group!
