Hypernova, a proprietary trading platform built on Hyperliquid, has raised $3 million in pre-seed funding as it looks to expand the category of funded crypto trading.
Lemniscap led the pre-seed round, with participation from Very Early Ventures, CMS Holdings and Pivot Global, Hypernova said Thursday. Angel investors from the Hyperliquid ecosystem, including Maximilian Fiege, co-founder of Native Markets, "Ericonomic" of Kinetiq, "Huf" of Pear Protocol, and Kirby Ong, Noel Tan, and "Velocity," co-founders of HypurrCollective, also joined the round, Hypernova co-founder and CEO Anar Bayramov told The Block.
Notably, the HypurrCollective co-founders joined the round through their group on Echo, the onchain capital-raising platform founded by Jordan "Cobie" Fish and recently acquired by Coinbase for $375 million, Bayramov said.
Hypernova was founded last September and began fundraising at the same time, Bayramov said, adding that the round closed in mid-October and was oversubscribed by three times.
The round was structured as a simple agreement for future equity (SAFE) with token warrants, Bayramov said, declining to disclose the valuation.
