Participated · Seed · Sep 2022

Ultrade is a New York-based multichain DeFi-as-a-Service infrastructure company that provides a non-custodial trading ecosystem for brands, projects and communities. Its core product is the Ultimate Trading Suite, an all-in-one application offering full limit orderbook trading for spot and derivatives (including leveraged perpetuals) alongside a Hybrid Aggregating AMM (haAMM). The haAMM aggregates across LP pools and the orderbook to increase liquidity depth, reduce slippage, and enable best execution while giving orderbook liquidity providers a share of fees. Led by CEO Dan Goldman, Ultrade launched a Testnet on the Algorand blockchain in late June and amassed thousands of users on Algorand. The company plans to expand into a multi-chain platform and will use the recently raised funds to expand operations and business reach. Financially, Ultrade raised $2.4M in Seed funding led by Algorand Foundation with participation from Big Brain Holdings, Tess Ventures, Sarson Funds, Valhalla Capital and others.