Ooga Booga has announced a successful $1 million fundraising round aimed at realizing its vision of establishing the first liquidity aggregator on Berachain.
The funding infusion is earmarked for the development of advanced tools facilitating seamless swaps and optimal price discovery for users within the Berachain ecosystem.
Co-founded by Bruno Wu and Kevin Liu, the 19-year-old behind the fully on-chain EVM order book, Gridex Protocol, Ooga Booga is poised to revolutionize liquidity management on Berachain.
With a valuation set at $10 million, this funding round propels Ooga Booga towards its imminent deployment on Berachain’s mainnet.
Strategic investment and backing
Ooga Booga’s $1 million raise attracted significant interest from leading investors and prominent figures within the Berachain ecosystem.
The round was spearheaded by Kenetic Capital, with notable participation from Cypher Capital, CitizenX, Rubik, Rana, Baboon VC, Kestrel, Nural Capital, Wizard Capital, Panony, and Blockbuilders.
The roster of angel investors includes luminaries such as Sandeep Nailwal of Polygon, Apollo of Olympus DAO, Anshu of LogX, and many others.
This substantial backing positions Ooga Booga as a cornerstone of Berachain’s burgeoning ecosystem from its inception.