Paradigm Leads $20 Million Series A Round for DEX Developer Ellipsis Labs

Crypto exchange developer Ellipsis Labs raised $20 million in Series A funding led by the venture firm Paradigm. Electric Capital also participated in the round, which had additional support from Justin Drake and Mike Neuder of the Ethereum ETH/USD Foundation, Sreeram Kannan from EigenLayer, Anatoly Yakovenko from Solana SOL/USD Labs, Uri Klarman from bloXroute and others. Ellipsis Labs will use the funds to continue developing its DeFi tech stack. 

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Read the full story at The Block.