Kodiak Finance Raises $2 Million Seed Round

February 5, 2024

Kodiak is thrilled to announce the close of its $2 million seed financing round to develop Berachain’s native liquidity hub.

The funding will further enable them to increase the pace at which they scale Kodiak and allow them to continue delivering cutting-edge trading products native to Berachain.

The Kodiak contributors consist of seasoned builders and enthusiasts with diverse backgrounds in DeFi and infrastructure as developers, venture capitalists and notably as prior founders.

Their collective journey began approximately seven months ago, fueled by a shared passion to innovate and push the boundaries within the DEX landscape.

With an open-ended vision, they set out on this endeavor, driven by the excitement of enhancing Berachain’s growth and user experience.

Joining their development includes their investors – Build-a-Bera, Amber Group, Shima Capital, No Limit Holdings, Ouroboros Capital, Baboon VC, Dao5, ODA Capital, Kenetic, Dewhales Capital, Tenzor Capital, Lotus Capital, Owl Ventures, Nonce Classic, 3Commas Capital, Wizards Capital, Credo, Blocmates, DoraHacks and Moni – and their valued angels – Gainzy, Altcoin Sherpa, NaniXBT, Mckenna (Arete Capital), Mr.Block (Curve), Evan Luthra, Ken (Mechanism), Marc (Mechanism), Jerd (Agnostic), Soby (Xai Games), Jani (0xHoneyJar), John Fiorelli (Kenetic), Kirby Ong and Joyce (GCR) – and many others who have joined hands to support and contribute to their project.

Kodiak would also like to give a shout-out to the Berachain Foundation and more specifically to the Build-a-Bera accelerator.

When Kodiak started this journey and joined Build-a-Bera, they were unsure what to expect as they were the guinea pigs of the first cohort.

However, without Berachain’s support, Kodiak would be nowhere close to where they are now.

Whether it’s through weekly office hours, in-person working sessions or even hopping on ad-hoc calls, the Build-a-Bera team has been phenomenal with support on fundraising, strategic direction, business development, product and marketing.

About Kodiak

Kodiak is a foundational building block for liquidity on Berachain – an innovative DEX that combines concentrated liquidity and automated liquidity management.

Their product suite is designed to provide traders with the best trading experience and simplify concentrated liquidity provisioning for liquidity providers and protocols.

By integrating the following DEX layers, they offer a full suite of trading and liquidity solutions, including the following.

• Decentralized exchange – Kodiak DEX
• Automated liquidity manager – Kodiak Islands
• Integrated incentive layer – Sweetened Islands
• No-code token deployer factory – Panda Factory

In the following weeks, they will open up their Discord server to the public and release their public testnet.

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2024 is the year of the bera – ooga booga.

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