The decentralized leveraged trading platform Avantis has completed an $8 million Series A financing round, led jointly by Founders Fund and Pantera Capital

according to The Block, the decentralized leveraged trading platform Avantis based on Base has completed a $8 million Series A funding round, led jointly by Peter Thiel's Founders Fund and Pantera Capital, with participation from Symbolic Capital, SALT Fund, and Flowdesk.

It is reported that this funding round was completed in mid-2024, but Avantis chose to announce it now to align with the development of the protocol. The structure of Avantis's Series A funding consists of equity financing and token warrants, with a total funding amount reaching $12 million, which includes the $4 million seed round financing completed in September 2023.