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ParaSwap, now rebranded as Velora, is a provider of a crosschain crypto swap and trading protocol that enables one-click gasless trading with MEV protection and intent-based execution. The protocol aggregates liquidity from over 170 integrations across 12 active blockchains including Ethereum Mainnet, Binance Smart Chain, Avalanche, Polygon, Gnosis, Arbitrum, Optimism, Base, Sonic, and Unichain, complementing open…

High Tech · Advanced Materials, · Bengaluru, India · EST 2022

About

ParaSwap, now rebranded as Velora, is a provider of a crosschain crypto swap and trading protocol that enables one-click gasless trading with MEV protection and intent-based execution. The protocol aggregates liquidity from over 170 integrations across 12 active blockchains including Ethereum Mainnet, Binance Smart Chain, Avalanche, Polygon, Gnosis, Arbitrum, Optimism, Base, Sonic, and Unichain, complementing open liquidity with exclusive pricing from market makers. Velora's Delta Protocol delegates swap execution to a network of settlement agents that compete to deliver the best possible execution, enabling gas abstraction and MEV risk minimization. The platform has processed over 30 million trades with more than $120 billion in total volume. Velora offers an on-chain Request for Quotes system aggregating real-time quotes from KYC-validated market makers, a yield optimizer for lending protocols, crosschain swap and bridge capabilities, limit orders, and Super Hooks. The platform provides a public API and SDK for wallets, dApps, and institutional partners including asset managers, lenders, banks, brokers, market makers, and custodians. Founded in 2019 and headquartered in Paris, France, the company has raised $5.7 million in Seed funding from investors including Alameda Research, Arrington XRP Capital, CoinFund, CoinGecko, Defiance Capital, Lemniscap, and Blockchain Coinvestors.

Business model

Advanced Materials > Biomaterials,

Chemicals Tech > Green Chemicals > Diversified

Team background

College Wise > Indian School of Business, IIT Madras

Institutional investors

C-CAMPSpeciale Invest3one4 CapitalVanadium TrustDharani Family TrustCamel FoodsBIRACGovindarajulu MunaswamyNarayanaswamy MahalingamLourdu Raj JosephNivetha PPathange VenkatalakshmiPraneetha S KarnadKhasim GhouseManish Prataprai Gandhi

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