The hybrid on-chain exchange GRVT completed a $7.1 million funding round at a valuation of $39 million

ChainCatcher news, according to The Block, the hybrid on-chain exchange GRVT has raised $7.1 million in pre-seed and seed funding at a valuation of $39 million.

The seed round raised $5 million, co-led by Matrix Partners and Delphi Digital, with participation from Susquehanna Investment Group, CMS Holdings, Hack VC, and Matter Labs. The pre-seed round raised $2.1 million, with investors including 500 Startups and Folius Ventures.

Hong Yea, co-founder and CEO of GRVT, stated that this round of financing began in August of this year and added that the pre-seed round was completed in October 2022. Both rounds of financing were equity financing with token warrants.