Quick take:
- The fundraising attracted participation from Shima Capital, Amber Group, Berachain’s Build-A-Bera, Ouroboros Capital, and 3Commas Capital.
- Ken and Marc from Mechanism Capital, Curve’s Mr.Block, and McKenna from Arete Capital were among those who joined as angel investors.
- Kodiak Finance is part of Berachain’s Build-A-Bera accelerator program, a zero-to-one incubator focused on fostering innovation with Proof-of-Liquidity.
Kodiak Finance has announced a $2 million seed round for its innovative Proof-of-Liquidity DEX platform.
The fundraising attracted participation from Shima Capital, Amber Group, Berachain’s Build-A-Bera, Ouroboros Capital, 3Commas Capital, No Limit Holdings, Baboon VC, dao5, ODA Capital, Kenetic, Dewhales Capital, Tenzor Capital, Lotus Capital, Owl Ventures, nonce Classic, Wizards Capital, Credo, Blocmates, DoraHacks, and Moni.
Gainzy, Altcoin Sherpa, NaniXBT, McKenna of Arete Capital, Curve’s Mr.Block, Ken (and Marc from Mechanism Capital, Jerd from Agnostic, Xai Games’ Soby, and Jani from 0xHoneyJar also joined the round as angel investors.
The company’s contributors bring a wealth of crypto experience and leadership expertise including DeFi and infrastructure developers, venture capitalists, and, notably, founders.
Commenting on the fundraising via press material shared with NFTgators, Kodiak wrote: “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 endeavour, driven by the excitement of enhancing Berachain’s growth and user experience.”
Kodiak plans to use the funds to accelerate the development of its Berachain-based decentralised exchange (DEX) platform as it looks to add more “cutting-edge” trading products.
Kodiak was among the first projects to join Breachain’s Build-A-Bera accelerator, a zero-to-one incubator focused on fostering innovation with Proof-of-Liquidity. The company acknowledged the Build-A Bera team’s dedication to support projects highlighting sessions like weekly office hours, in-person working sessions, or even hopping on ad-hoc calls as a demonstration of commitment.
“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,” Kodiak wrote in a statement. “However, without their support, we would be nowhere close to where we are now.”
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