Barter Raises $3 Million in Seed Funding

The decentralized finance liquidity solver system Barter announced Tuesday that it has raised $3 million in seed funding.

The web3-focused venture capital firm Maven 11 led the round. Additional support came from Lattice, Anagram, Heartcore, DCG, and Daedalus Angels, according to a release shared with The Block.

Founded in 2023, Barter matches and settles on-chain trades. The firm intends to use the funds to grow its team, accelerate research, and continue developing AppChain, a DeFi tool that connects liquidity and order flow.

> "We are excited to announce that the recent infusion of capital will significantly accelerate Barter's mission to revolutionize DeFi trading," Barter co-founder Nikita Ovchinnik told The Block. "This funding allows us to strengthen our position as a leading solver system and deepen our research into the ultimate solutions for decentralized swaps and trading."

Barter currently facilitates up to $20 million in daily transactions across numerous Ethereum Virtual Machine (EVM)-compatible blockchains, the company release continues.