Slingshot operates a Web 3 trading platform that aggregates liquidity across decentralized exchanges and executes trades directly from users' wallets. The company describes itself as an on-chain "liquidity search engine" that finds efficient paths for trades to deliver better prices. Slingshot treats the user’s crypto wallet as the account, which the CEO says prevents platforms from locking users out and opens access to on-chain opportunities not available on centralized exchanges. The startup is prioritizing product and user-interface improvements to make Web 3 trading simpler and more accessible to crypto-curious mainstream users. Financially, Slingshot raised $15 million in a Series A and previously raised $3.1 million in an October 2020 seed round, bringing total disclosed funding to $18.1 million. Clinton Bembry is quoted as the company’s CEO, and the recent raise includes a mix of venture and individual backers. Slingshot (formerly DEX.AG) is a DEX aggregator built to help users find the best price for any given token trade on Ethereum. The product was born out of the Concourse Open Community, the same group behind DeFi Pulse, and emphasizes trading directly from users' wallets without surrendering custody. The company highlights low latency, a seamless user experience and inexpensive transactions as core features. Slingshot was first built at a hackathon in 2018 and has seen over $100 million in volume so far. The team faces a crowded competitive landscape that includes 1inch, ParaSwap, 0x’s Matcha and MetaMask. CEO Clinton Bembry framed the product as part of a broader, permissionless DeFi shift enabling new financial participation.

Total raised

$18M

Funding rounds

2

Latest round

Series A

Latest activity

Dec 2021