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ALEX - Strategic
Overview
Funding Date
March 26, 2024
Financing amount
$10M
Valuation
--
Category
About ALEX - Strategic
Automated Liquidity Exchange (ALEX) has raised $10 million in Strategic funding round led by The Spartan Group, with other participants from CMS Holdings, DACM, DWF Labs, Foresight Ventures, G-20 Group, Ouroboros Capital, Summer Capital, Cultur3 Capital and Everest Ventures Group, among others.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | Singapore | 2018 | 180 | [email protected] | ||
| Fund | United States of America | 2019 | 155 | [email protected] | ||
| Uncategorized | Unknown | -- | 5 | -- | ||
| Lab | Singapore | 2018 | 64 | -- | ||
| Fund | Russian Federation | 2010 | 80 | [email protected] | ||
| Fund | Switzerland | 2010 | 6 | -- | ||
| Fund | Unknown | -- | 3 | -- | ||
| Fund | Netherlands | -- | 8 | -- | ||
| Fund | -- | -- | 13 | [email protected] | ||
| Fund | Unknown | -- | 10 | -- |
Founders & Team
Chiente Hsu
Rachel Yu
Company Profile / Project Introduction
ALEX is building DeFi primitives targeting developers looking to build ecosystem on Bitcoin, enabled by Stacks. As such, it focus on trading, lending and borrowing of crypto assets with Bitcoin as the settlement layer and Stacks as the smart contract layer. At the core of this focus is the automated market making ("AMM") protocol, which allows users to exchange one crypto asset with another trustlessly. The startup is co-founded by two former Wall Street quants, Chiente Hsu and Rachel Yu.