# Ellipsis Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ellipsis-labs

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.ellipsislabs.xyz/
- Total disclosed funding: $23M
- Latest round: Series A (Apr 3, 2024)
- Investors on record: 4

## About

Founded in 2022 and based in New York, US, Ellipsis Labs operates as a fintech company offering products in decentralized finance (DeFi). In October 2024, Ellipsis Labs raised USD 21 million of venture funding led by new investor Haun Ventures, with participation from returning investors Electric Capital and Paradigm. Individual and other unspecified investors also participated in the round.

The company provides a fully on-chain, non-custodial, and crankless solution for liquidity provision in the DeFi space. Phoenix’s protocol Phoenix an orderbook spot exchange is on the Solana blockchain.  Phoenix is designed for high throughput blockchains like Solana, and offers instant settlement without the need for asynchronous cranks, ensuring efficient and seamless trading experiences. Additionally, with its maximally composable design, Phoenix allows traders to fit more instructions into a single transaction, enhancing efficiency and reducing transaction costs.

The company plans to utilize the October 2024 funding to support the development of its product Atlas.

## Funding rounds

- Series A, Apr 3, 2024, $20M — Electric Capital, Paradigm
- Seed, Aug 17, 2023, $3.3M — Electric Capital, Robot Ventures, Anagram

## Investors

- Electric Capital (https://capitalatlas.ai/funds/electric-capital) — Seed, Series A
- Robot Ventures (https://capitalatlas.ai/funds/robot-ventures) — Seed
- Anagram — Seed
- Paradigm (https://capitalatlas.ai/funds/paradigm) — Series A