Solana DEX raises $18M Series A from Three Arrows Capital, Coinbase

Solana ecosystem project Orca has concluded an $18 million Series A investment round led by some of the biggest venture funds in crypto, offering further evidence that high-profile investors are keen to back SOL-based startups.

Orca, which operates as a decentralized exchange, will use the funds to continue developing its automated market maker solutions for Solana, the company announced Wednesday. The raise comes less than eight months after the project was launched by a two-member team consisting of Yutaro Mori and Grace Kwan.

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