Flood Uncovers $5.2 Million Seed Round

<p><strong>SAN FRANCISCO<&sol;strong> &&num;8212&semi; Flood&comma; a protocol for order routing&comma; management&comma; and settlement&comma; has raised its &dollar;5&period;2 million seed funding round led by Bain Capital Crypto with participation from Archetype and Robot Ventures&period; Flood provides decentralized application &lpar;dApp&rpar; developers with a suite of tools for owning and managing the entire lifecycle of their application’s order flow&period; As the only decentralized exchange &lpar;DEX&rpar; currently available on the market with operational hooks&comma; the user experience allows traders to quickly settle their transactions while seamlessly staying within the Flood ecosystem&period;<&sol;p>&NewLine;<p>In the constant pursuit of better prices and better UX&comma; DeFi’s acceptance of off-chain liquidity sources has been growing&period; By enabling a new wave of developers to easily integrate optimal execution and swap prices into their dApps&comma; Flood aims to keep liquidity&comma; applications&comma; and users on-chain&period; This approach not only enhances the efficiency and appeal of DeFi platforms but also aligns with the decentralization ethos by maintaining transactional integrity within the blockchain ecosystem&period;<&sol;p>&NewLine;<p>Flood’s Co-Founder and CEO&comma; Francesco&comma; is an engineer by training and has extensive crypto experience&period; Having worked as a software engineer at UMA&comma; he has contributed to the development of fundamental blockchain-based products throughout his career&period; Additionally&comma; Flood’s Co-Founder&comma; Jan&comma; is an experienced developer within the crypto space&period; He is the author of Neuronika&comma; a large rust machine learning library&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Democratization of liquidity and settlement is the next step in a fully accessible cryptocurrency ecosystem&comma;&&num;8221&semi; said Francesco&period; &OpenCurlyDoubleQuote;Flood is committed to simplifying the complex world of blockchain trading through innovative means that have yet to be explored by traditional exchanges&period; We hope that our technology will be a stepping stone into the future adoption of digital assets&period;”<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;We’re extremely impressed with the research and engineering behind Flood’s router&comma;” said Alex Evans&comma; Partner at Bain Capital Crypto&period; &OpenCurlyDoubleQuote;Flood makes optimal trading extremely simple for developers to integrate into any application&period; We’re excited to partner with the team as they make the best price available to everyone&period;”<&sol;p>&NewLine;<p>Flood will be using the new capital to grow their team and expand their integrations with new blockchains and DEXs&period; Currently operating on Arbitrum One&comma; Flood will enter the Ethereum Mainnet&comma; Base&comma; and Optimism blockchains in early 2024&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Flood is quickly resonating as a mainstay for scalable and hyper-optimized order execution&comma; and democratizing efficient access to capital for all types of developers and users&comma;” said Ash Egan&comma; Founder at Archetype&period; &OpenCurlyDoubleQuote;We are ecstatic to publicly announce our partnership with Francesco and the Flood team alongside our friends at Bain Capital&period;”<&sol;p>&NewLine;