Lattice, Anagram, Heartcore, DCG and Daedalus Angels also contributed to Barter’s seed financing.
Barter intends to use the funds to grow its team and to continue developing AppChain, the firm’s DeFi tool that connects liquidity and order flow.

The decentralized finance liquidity solver system Barter announced Tuesday that it has raised $3 million in seed funding.

The web3-focused venture capital firm Maven 11 led the round. Lattice, Anagram, Heartcore, DCG and Daedalus Angels provided additional support, according to a release shared with The Block.

Founded in 2023, Barter matches and settles onchain trades. The firm intends to use the funds to grow its team, accelerate research and continue developing AppChain, the firm's DeFi tool that connects liquidity and order flow.

"We are excited to announce that the recent infusion of capital will significantly accelerate Barter's mission to revolutionize DeFi trading," Barter co-founder Nikita Ovchinnik told The Block. "This funding allows us to strengthen our position as a leading solver system and deepen our research into the ultimate solutions for decentralized swaps and trading."

Barter currently facilitates up to $20 million in daily transactions across numerous Ethereum Virtual Machine (EVM)-compatible blockchains, the company release continues.

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About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.