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Velar

Last funding round

Raised
$3,500,000
Round
Seed
Investors
Led by Bitcoin Startup Lab,CMS Holdings,GBV,Trust Machines,Maple Block

Funding News (1)

Feb 1 2024Finbold

Startup details

Velar

Velar

Velar is a Bitcoin (BTC) DeFi platform aiming to tap into Bitcoin’s dormant liquidity by launching the world’s first perpetual decentralized exchange (PerpDEX) on Bitcoin. The platform plans to provide DeFi decentralized applications (dApps) liquidity on Bitcoin and is Layer 2 (L2) agnostic, integrating with leading Bitcoin Layer 2 solutions.
www.velar.co
Dubai, Dubai, United Arab Emirates
Established in 2023
11-50 People
Fintech

Founders

Mithil Thakore

Mithil Thakore

Co-Founder and CEO

Dubai, United Arab Emirates

Investment details

Raised
$3,500,000
Round
Seed
Investors
Bitcoin Startup Lab
LEAD
CMS Holdings
LEAD
GBV
LEAD
Trust Machines
LEAD
Maple Block
LEAD
Cypher Capital

Founder Stories

Dr. Sterghois Moschos, PulmoBioMed

Recent 5 from United Arab Emirates

Jul2024
1

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FlyNava Technologies

Founders

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In News

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1 month ago

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Blockchain-based AI model tokenization by ORA, focusing on verifiability and traceability. UAE-based ORA.
ORA

Founders

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In News

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Cointelegraph
Decrypt
Coindesk
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1 month ago

NOW Money raised $4M led by Mark Nutter and 1 other
Dubai-based NOW Money provides mobile banking services for workers, focusing on financial inclusion in the GCC region.
NOW Money

Founders

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In News

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1 month ago

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Dubai-based Tenderd is a digital platform for global heavy equipment management.
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Founders

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In News

WAYA
FinSMEs
Prweb.com
Tech Funding News
Wamda
Edge Middle East
OnlineWiki
5

1 month ago

Qstay raised $4.6M from Just Eat Takeaway
Dubai-based Qstay revolutionizes hospitality with AI-driven platform for guest experience and property management.
Qstay

Founders

Alec Redelman,

Artur Khayrullin

In News

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FinSMEs
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