Decentralized trading platform Slingshot Finance (formerly DEX.AG) has raised $15 million in a Series A round. The Block reports this.
Led by Ribbit Capital, with participants including K5 Global, Shrug Capital, the Chainsmokers, singer Jason Derulo, Guillaume Pousaz, founder of Checkout.com, and Austin Rief, CEO of Morning Brew.
Existing Slingshot investors Framework Ventures and Electric Capital also participated in the round.
The funds will be used to double the headcount from 18 to 36, launch a mobile app, and support a greater number of blockchains.
Slingshot supports Ethereum layer-2 solutions Polygon and Arbitrum. According to the platform’s CEO, Clinton Bembrie, the next network will be Optimism, but the team is also considering Solana, Avalanche and Binance Smart Chain.
Earlier, the DeFi-platform Earnity attracted $15 million in a Series A round.