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Pontem Raises $6M from Lightspeed, Faction, Aptos Foundation, Pantera Capital + 10 more


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We’ve just successfully closed yet another funding round led by Lightspeed Faction and Lightspeed Ventures with participation from Pantera Capital, Aptos Foundation, and other major funds.

14 major investors back Pontem

We are happy to announce our latest funding round for $6 million that will help us keep building pioneering products with Move and Move VM – both for the Aptos ecosystem and beyond. Below is the full list of the backers who participated in this round:

  1. Lightspeed Faction
  2. Lightspeed Venture Partners
  3. Aptos Foundation
  4. Pantera Capital
  5. Alumni Ventures
  6. Wintermute
  7. Altonomy
  8. Shima Capital
  9. Kraken Ventures
  10. Kestrel 0x1
  11. AlphaLab Capital
  12. WWV ventures
  13. VentureSouq
  14. iAngels

Here is what Paul Veradittakit, Managing Partner at Pantera Capital, said about Pontem:

“Pantera is excited to be investing into Pontem and help fuel the Move and Aptos ecosystem. We believe the team has been doing a tremendous job of building the necessary financial and technical infrastructure to bring consumers and developers to the decentralized web.”

We’re grateful to all our exceptional backers for their trust in Pontem. We’d also like to thank you, our amazing users and followers, for being with us on this exciting journey. Let’s keep up the good work!

From a stellar collection of “firsts” on Aptos into an even more exciting future

Our first funding round came in 2021 and was led by Mechanism Capital and Kenetic Capital, together with Delphi Ventures, and Animoca Brands.  It allowed us to build a whole suite of “firsts”:

  • the first L2 to support both EVM and Move VM, Lumio;
  • the first Aptos wallet with EVM support;
  • the first DEX on Aptos, Liquidswap;
  • the first Intellij IDE plugin for Move;
  • the first Solidity-to-Move transpiler, ByteBabel, and others.

We’ve also achieved amazing traction, with $1M daily volume on Liquidswap, over 40,000 weekly users, and almost $21 million in TVL – more than any other DEX on Aptos.

We have even bigger plans for the next stage, where we will focus on expand the adoption of Move beyond Aptos and Sui, both through Lumio L2 and other products.The goal is to bring the scalability and security of Move VM onto other blockchains. In particular, we plan to:

  • Deploy Lumio on the Optimism Superchain;
  • Expand community testing of Lumio on Move VM and EVM;
  • Release our AI-powered crypto assistant, Pontem AI;
  • Develop new NFT collections;
  • Continue work on concentrated liquidity pools and Pontem Gator, and much more.

More exciting new is coming – stay tuned to Pontem’s announcements on X/Twitter, Telegram and Discord

About Pontem

Pontem is a product development studio building Move and EVM-based dApps and tooling products for the Aptos ecosystem and beyond. Our goal is to accelerate Move adoption, promote global financial inclusion, and enable a more developer and user-friendly Web3.

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