Flood, a San Francisco, CA-based provider of a protocol for order routing, management, and settlement, raised $5.2M in Seed funding.
The round was led by Bain Capital Crypto with participation from Archetype and Robot Ventures.
The company intends to use the funds to grow their team and expand their integrations with new blockchains and DEXs.
Flood provides decentralized application (dApp) developers with a suite of tools for owning and managing the entire lifecycle of their application’s order flow. As a decentralized exchange (DEX) currently available on the market with operational hooks, the user experience allows traders to quickly settle their transactions while staying within the Flood ecosystem. With virtually zero initial configuration, developers can begin using it to monetize their application’s order flow and provide their users with gasless trading, optimal routing, and the best possible execution quality.
The protocol is currently live on Arbitrum One and is coming to Ethereum Mainnet, Base, and Optimism in early 2024.
FinSMEs
08/02/2024