Radar Relay, a Fort Collins, Colo.-based decentralized crypto currency exchange, raised $3m in seed funding.
The round was led by Blockchain Capital with participation from SV Angel, Digital Currency Group, Reciprocal Ventures, Collaborative Fund, Kindred Ventures, Kokopelli Capital, Notation Capital, Sparkland Capital, V1.VC, and a group of private angels.
The company intends to use the funds to focus on platform expansion, supporting automated traders, and building out an integrations team.
Radar Relay leverages blockchain technology to trade ERC20 tokens directly from a Web3 or Hardware wallet. Since launching the first relayer built on the 0x protocol in August, the company has onboarded sixty ERC20 tokens, attracted tens of thousands of users, and hired a team of fifteen.