DeFi Mobility Solution Barter Closes $3 Million Seed Round Led by Maven 11

Barter, a provider of decentralised financial mobility solutions, has announced the closing of a $3 million seed round led by Web3 Ventures' Maven 11, with participation from Lattice, Anagram, Heartcore, DCG and Daedalus Angels, according to reports.

Barter co-founder Nikita Ovchinnik said the round will be used to expand the team, accelerate R&D and continue development of its DeFi tool, AppChain, which is currently reported to have $20 million in daily transactions on multiple EVM-compatible blockchains. The project was founded in 2023 to provide on-chain transaction aggregation and settlement services.