Odaily Planet Daily reports that Imperial has announced the completion of a $1.5 million seed round led by Foundation Capital, with participation from Solana ecosystem angel investors. The post-money valuation stands at $15 million. Imperial primarily offers perpetual futures trading services on Solana. The funds raised will be used to expand its product suite, including a perpetual contract aggregator, a lending platform, and its flagship project, Armada. Armada is a perpetual contract AMM deployed on the Solana ecosystem that sources liquidity from DeFi platforms such as Hyperliquid, enabling traders to access deeper order books without leaving the Solana network.
Imperial Completes a $1.5M Seed Round Led by Foundation Capital
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Summary
Imperial has secured $1.5 million in project funding, led by Foundation Capital with support from Solana ecosystem angels. The company offers Solana-based perpetual futures and plans to expand its product lineup, including a perpetual contract aggregator, a lending platform, and its flagship project, Armada. Armada is a Solana-based perpetual contract AMM that draws liquidity from DeFi platforms such as Hyperliquid. The project aims to mitigate DeFi exploit risks by providing deeper order books within the Solana ecosystem.
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