aPriori Raises $10M in Funding
aPriori Raises $8M Seed Round Led by Pantera to Build MEV Infrastructure and Liquid Staking for Monad, Bringing Total Funding to $10M
Our mission is to decentralize Monad’s network and enhance the user experience by reducing gas fees, improving network traffic, and driving sustainable incentives for validators. We chose to build on Monad because we believe their optimizations across all levels of the stack will deliver exceptional performance while maintaining a high degree of decentralization. Given Monad’s unique consensus design (MonadBFT) and short block time, the aPriori team has been building a new architecture for MEV and LST from the ground up.
We are excited to announce our $8M Seed Round led by Pantera, bringing our total funding to $10M. This follows our Pre-seed Round co-led by Hashed and Arrington Capital. This new funding will enable us to expand our team, invest in security, and foster community growth.
Hear from our investors:
“We're excited to support aPriori in building an MEV-powered liquid staking service on Monad,” said Lauren Stephanian, General Partner at Pantera. “With their team's background in top high-frequency trading firms and crypto institutions, we're confident that aPriori will successfully deliver a novel solution uniquely designed for Monad's fast finality and asynchronous execution.”
“aPriori is deepening the engagement for the Monad community by building fundamental primitives to help systems scale and onboard users,” said Michael Arrington of Arrington Capital. “aPriori’s robust auction design will greatly impact the Monad ecosystem, where we expect an abundance of trading focused applications to be built on the network. By reducing spam and organizing the MEV marketplace, the aPriori team will create an amazing user experience for traders and other network participants on Monad.”
Hashed partner Ryan Kim stated, “aPriori holds significance as it's the first infrastructure project to launch on Monad, considered one of the most promising projects among EVM chains." He added, "We expect that the high-performance MEV-powered liquid staking platform they have developed will further advance Monad’s ecosystem in the future.”
We extend our gratitude to our existing and new investors for their participation and support. Institutional investors also include ABCDE Capital, Chorus One, CMS Holdings, Consensys, Everstake Capital, Flow Traders, Laser Digital (Nomura), Manifold Trading, OKX Ventures, Selini Capital, Staking Facilities, Vessel Capital, and many others.
Our angel investors include Adam Jin, Alex Esin, Hongbo Tang, Karthik Raju, Marc Tillement, Mike Silagadze, Nom, Paul Kim, Rex, Robinson Burkey, Spencer Noon, Tim Wang, TN Lee, Zano Sherwani and many others.
We are deeply grateful to our community and the broader Monad ecosystem for their continuous support.
We invite you to follow along on our journey on Twitter: https://x.com/apr_labs
good project
Project director and the company,?