Cross-chain trading infrastructure provider Reservoir has completed a $14 million Series A funding round, led by Union Square Ventures

ChainCatcher news, according to The Block, cross-chain token trading infrastructure provider Reservoir has completed a $14 million Series A funding round, led by Union Square Ventures, with participation from Coinbase Ventures, Variant, Archetype, 1kx, and others. The financing is structured as equity plus token warrants, and Union Square Ventures partner Nick Grossman will join the board.

It is reported that Reservoir was founded in 2021 and previously raised $12 million. The company currently has 25 employees and plans to expand to 40 by the end of the year. The company's products include the cross-chain bridging and swapping platform Relay, the decentralized exchange Reservoir Swap, and the NFT trading marketplace API, serving major platforms such as Coinbase, OpenSea, and Magic Eden.