Gasp, previously called Mangata, is developing a cross-chain exchange focused on lightning-fast, low-cost swaps. The team says it aims to become the crypto ecosystem’s primary cross-chain exchange and improve Ethereum’s UX. The company raised a $5 million round in the latest financing, bringing total invested capital to $11 million. The raise values Gasp’s token at $80 million. New partners joining the round include Cluster Capital, Master Ventures, Faculty Group, LVT, Moonhill, and Token Metrics, among others. Returning investors named in the post include Polychain and CMS. Gasp plans to use the new capital to further develop the product and is hiring in marketing, sales, and operations.

Total raised

$5M

Funding rounds

1

Latest round

Equity

Latest activity

Apr 2024