Amount Raised
$3.5 Million
Round Type
Seed
DubaiFinancial ServicesInvestors
Description
Velar, a Dubai, United Arab Emirates-based developer of a Decentralized Perpetual Derivatives Exchange (PerpDEX) on Bitcoin, secured $3.5M in seed funding. 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.
Quick answer
Velar raised $3.5 Million in a Seed round, dated February 2, 2024. Investors: Cogitent Ventures, Maple Block, Samara Asset Group, Trust Machines Spv, Cypher Capital, Gbv, Bitcoin Startup Lab and CMS Holdings. Velar is based in Dubai, Dubai, United Arab Emirates.
- How much did Velar raise?
- Velar raised $3.5 Million in a Seed round on February 2, 2024.
- Who invested in Velar?
- Cogitent Ventures, Maple Block, Samara Asset Group, Trust Machines Spv, Cypher Capital, Gbv, Bitcoin Startup Lab and CMS Holdings are named as investors in this round.
- What does Velar do?
- Led by Mithil Thakore, Co-Founder and CEO, and Aravind Sathyanandham, Co-Founder, Velar is advancing Velar Artha, a perpetual DEX on Bitcoin, which will facilitate trading of perpetual derivatives in a trustless manner,..
- Where is Velar based and how big is it?
- Velar is based in Dubai, Dubai, United Arab Emirates.
- Who are the decision-makers at Velar?
- Fundz holds 1 contact at Velar. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services around the same time
Companies in the same sectors as Velar that raised within 45 days of this round, from Fundz verified event records.
- Tokenize Xchange raised $15M (Series A) on March 18, 2024.
- Unicoin raised $13K (Pre-Seed) on March 18, 2024.
- Figure Markets raised $60M (Series A) on March 18, 2024.
- StackinSat raised $1.1M (Series A) on March 15, 2024.
- Wealthfeed raised $2M (Series D) on March 15, 2024.
- Billy raised $4.5M (Seed) on March 15, 2024.
Who to call at Velar, and when
A new round usually means Velar is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Velar raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Velar, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Velar. With Fundz connected, it knows.
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Fundz sees it the moment Velar raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Velar raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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