Robot Ventures leads $5.2 million seed round for Sprinter, a 'solving-as-a-service' startup founded by Ethereum OGs
Quick Take Sprinter, a crosschain “solving-as-a-service” infrastructure startup, raised $5.2 million in a seed round led by Robot Ventures alongside several notable angels. The protocol is looking to improve transaction execution performance in part by providing solvers and market makers with collateral-free credit.
Robot Ventures is leading a $5.2 million seed round for Sprinter, a crosschain "solving-as-a-service" infrastructure startup.
The fundraise also received support from A Capital, Atka Capital, Bond St Ventures, Topology, and Uniswap Labs Ventures, as well as angel investors like 0xbow’s Ameen Soleimani, Optimism’s Eva Beylin, WAGMI Ventures’ Chen Zituo, among others.
Sprinter is aiming to improve the functionality of blockchain solvers, the burgeoning sector of competing off-chain bots, algorithms, and market-makers that perform onchain actions on behalf of users.
The protocol, currently in private beta, is built around two core products: Sprinter Stash, a crosschain credit protocol providing liquidity access to solvers and market makers without requiring collateral; and Sprinter Solve, providing dApps, wallets, and protocols with request-for-quote-based swap APIs.
Sprinter Stash liquidity providers can deposit USDC into the protocol to earn solver fees. The protocol also offers a native governance token, SPRINT, to incentivize liquidity providers, solvers, and community participants and staking via veSPRNT.
The Ethereum-based protocol's team includes several Ethereum core developers and EIP authors, including Ethereum R&D firm ChainSafe Systems CEO Aidan Hyman and former ENS developer Dean Eigenmann.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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