DeFi trading platform Aurox seeks to raise $1 million at a valuation of $75 million

2023-03-01 07:45:26

Collection

ChainCatcher news indicates that according to Aurox's fundraising dashboard on the tokenized securities platform tZERO, the DeFi trading platform Aurox is seeking to raise $1 million at a valuation of $75 million, with a minimum investment of $252 for retail investors. The target date to close this round of funding is March 15. According to documents submitted to the U.S. Securities and Exchange Commission and reviewed by CoinDesk, Aurox's share price is set at $6, offering 169,000 shares.

The company stated on its fundraising website that Aurox launched an integrated trading platform called Aurox Terminal in 2020, which integrates over 50 exchanges and currently has 70,000 users and $1 billion in trading volume. It also has a cryptocurrency wallet product and has created its own DeFi smart contract protocol and native ecosystem token URUS.

According to cryptocurrency data platform RootData, Aurox previously announced in February 2022 that it completed a $5 million seed round funding at a post-money valuation of $25 million, with participation from angel investors such as Deborah Braun and Brett Rosen of RB Capital. (Source link)

Related tags

DeFi Aurox investment and financing

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.