#GRVT secures $5 million in funding.#
Hot Topic Overview
Overview
GRVT, a hybrid crypto exchange built on ZKsync, recently announced the completion of a $5 million funding round led by Further Ventures, a venture capital firm backed by ADQ, Abu Dhabi's sovereign wealth fund. The funds will be used to support the launch of GRVT's mainnet alpha, which will initially offer perpetual trading. This funding brings GRVT's total capital to $14.3 million, including $7.1 million from pre-seed and seed rounds, and a $2.2 million private token sale in March 2024. GRVT plans to launch its token later this year and expand into cryptocurrency spot and options trading.
Ace Hot Topic Analysis
Analysis
GRVT, a hybrid cryptocurrency exchange built on ZKsync, has recently announced the completion of a $5 million funding round led by Further Ventures, a venture capital firm backed by ADQ, Abu Dhabi's sovereign wealth fund. This funding is part of a larger funding round that GRVT began in October last year and concluded in December, structured as an equity financing. This brings GRVT's total capital to $14.3 million, including $7.1 million from pre-seed and seed rounds and $2.2 million from a private token sale in March 2024. GRVT plans to launch its token later this year and enter the cryptocurrency spot and options trading space. GRVT recently launched its mainnet alpha, initially offering perpetual trading. The funding demonstrates investor confidence in ZKsync technology and GRVT's future prospects, providing strong support for its future growth.
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Public Sentiment
Discussion Word Cloud
Classic Views
GRVT is a ZKsync-based hybrid crypto exchange that recently launched its mainnet alpha with perpetual trading.
GRVT has completed a $5 million equity financing round led by Further Ventures, a venture capital firm backed by Abu Dhabi’s sovereign wealth fund ADQ.
The round brings GRVT’s total capital raised to $14.3 million, including $7.1 million from pre-seed and seed rounds and a $2.2 million private token sale in March 2024.
GRVT plans to launch its token later this year and expand into crypto spot and options trading.