Tech Company Financing Transactions
Velar Funding Round
Velar, based in Dubai, scored $3.5 million from CMS Holdings, Cogitent Ventures and Cypher Capital.
Transaction Overview
Company Name
Announced On
2/1/2024
Transaction Type
Venture Equity
Amount
$3,500,000
Round
Seed
Investors
Proceeds Purpose
The company intends to use the funds to accelerate the product development of its flagship product Velar Artha -- a Decentralized Perpetual Derivatives Exchange (PerpDEX) on Bitcoin.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
Undisclosed
Dubai, Undisclosed
United Arab Emirates
Dubai, Undisclosed
United Arab Emirates
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
DeFi Liquidity Protocol on Bitcoin; Swap with minimal fees & Earn rewards on the most secure blockchain.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Mithil Thakore
Chief Scientific Officer
Aravind Sathyanandham
VP - Product Management
Tejinder Mor
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