Shipyard Software, Inc., a San Francisco CA-based company which specializes in building decentralized exchanges for specific types of trades, traders, and instruments, raised $21M in funding.
The round was led by Polychain Capital with participation from 0x Labs, 1inch, DeFi Alliance, Quantstamp, MetaCartel DAO, Robot Ventures, FJLabs, Naval Ravikant, Nascent, Three Arrows Capital, Electric Capital, LD Capital, and IOSG.
The company intend to use the funds to accelerate growth, expand operations and its business reach.
Led by Mark Lurie, CEO, Shipyard Software provides decentralized exchanges for specific types of trades, traders, and instruments, starting with Clipper, a next-generation decentralized exchange (DEX) that caters to retail traders. Launched on June 30th, Clipper provides a novel automated market maker (AMM) that offers guaranteed best prices for retail-sized trades. It recently completed a full integration with DEX aggregators 1inch and 0x.