Ellipsis Labs Raises $3.3M Seed Round Led by Electric Capital

Led by Electric Capital, Ellipsis Labs’ $3.3M seed round also saw contributions from Robot Ventures and Anagram.

Notable angels in this round include Anatoly Yakovenko, CEO of Solana Labs, Marc Boiron, CEO of Polygon Labs, and Keone Hon, CEO of Monad Labs.

Ellipsis Labs is bolstering development in the Solana ecosystem

The fundraise allows Ellipsis Labs to accelerate the development of innovative DeFi protocols like Phoenix.

Phoenix is the first atomically settled limit orderbook on Solana. To date, over $250M in spot volume has been traded through Phoenix, all without external incentives.

Ellipsis Labs’ contributions to the Solana ecosystem also include Solana Verified Builds, a tool that verifies the source code of on-chain Solana programs.

About Ellipsis Labs

Ellipsis Labs builds sustainable and efficient DeFi protocols on high-throughput decentralized infrastructure. Ellipsis Labs’ flagship protocol is Phoenix, a fully on-chain, decentralized limit orderbook on Solana.