Retail trading automation platform Veles.Finance has raised $500k in a closed pre-seed round with business-angels and private decentralized fund DF101 as investors.
The allocated funds will be used for international expansion as well as team expansion.
“We are pleased that we were able to attract the attention of investors, especially in a stagnant market. This gives us the opportunity to focus on developing and improving our product and be ready to enter the Latin American and Asian markets,” commented Vladislav Krieger, CEO of Veles.
DF101 believes that the startup will take a leading position in the field of trading automation for retail in the near future.
DF101 representative Alexey Blagirev said: “We are interested in projects that demonstrate active growth and have a healthy economy at an early stage of their development. We realize that such startups have great potential”
Veles is positioning itself as a simple trading platform for creating strategy-bots in the crypto market for retail. The platform provides a wide range of features and tools for traders with different skill levels and approach to trading.
Recent deals where DF101’s investment was known included FLX, EYWA and XDAO, which were supported by well-known investment companies such as DWF Labs, Telos Foundation and Grizzly Capital.