Imperial, a Solana-based perpetual futures trading platform, has raised $1.5 million in a seed round at a $15 million valuation, according to SolanaFloor. The round was led by Foundation Capital and also drew backing from angel investors in the Solana ecosystem. The company said the new capital will be used to broaden its product lineup, including a perpetuals aggregator, a lending platform, and its flagship product Armada. Imperial said Armada is a perpetuals AMM in the Solana ecosystem that sources liquidity from DeFi platforms such as Hyperliquid, allowing traders to access deeper order books without leaving Solana.
Imperial, a Solana-based perpetual futures trading platform, has completed a $1.5 million seed round at a $15 million valuation, according to SolanaFloor. The round was led by Foundation Capital and also included support from angel investors in the Solana ecosystem.
The company said it will use the funding to expand its product suite, including a perpetuals aggregator, a lending platform, and its flagship product, Armada.
Imperial said Armada is a perpetuals automated market maker, or AMM, in the Solana ecosystem. It sources liquidity from DeFi platforms such as Hyperliquid, giving traders access to deeper order books without leaving Solana.
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