Imperial has closed a $1.5 million seed round led by Foundation Capital, with participation from angel investors in the Solana ecosystem. The company said the round values it at $15 million post-money. Imperial focuses on perpetual futures trading services on Solana, and it plans to use the new capital to broaden its product lineup. That expansion includes a perpetuals aggregator, a lending platform, and its flagship project, Armada. Armada is a perpetuals AMM built on Solana that can source liquidity from DeFi platforms such as Hyperliquid, allowing traders to tap into deeper order books without leaving the Solana ecosystem. The financing outlines Imperial’s current product direction and the areas it intends to build out next within Solana-based derivatives trading.
Imperial has raised $1.5 million in a seed round led by Foundation Capital, with participation from angel investors in the Solana ecosystem. The company said the round gives it a post-money valuation of $15 million.
Imperial mainly provides perpetual futures trading services on Solana. It said the new funding will be used to expand its product suite, including a perpetuals aggregator, a lending platform, and its flagship project, Armada.
What Armada does
Armada is a perpetuals automated market maker, or AMM, deployed in the Solana ecosystem. It can source liquidity from DeFi platforms such as Hyperliquid, allowing traders to access deeper order books without leaving Solana.
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