05 Feb 2025 2 min read Announcement

Reservoir Raises $14M to Unlock Token Trading On Every Chain

Reservoir has raised a $14M Series A to unlock token trading across every chain. The round was led by Union Square Ventures with participation from other industry leaders including Variant, Archetype, and Square Peg Capital.

Announcing Reservoir's Series A Fundraise, led by USV.

Led by USV, Backed by Industry Leaders

Reservoir has raised a $14M Series A to unlock token trading across every chain.

The round was led by Union Square Ventures with participation from other industry leaders including Variant, Archetype, and Square Peg Capital. Reflecting on the fundraise, Reservoir’s Founder & CEO, Peter Watts, shared:

We’re moving towards a world with millions of tokens issued across thousands of chains. Reservoir’s mission is to enable seamless movement between all of these assets, to unlock powerful new use cases across finance and culture. We're excited to use this funding to enable universal, onchain liquidity for any token on any chain. Instantly.

Expanding Our Infra to Power Token Trading on Every Chain

Our team has spent the past three years building best-in-class infrastructure for integrating NFT trading into apps, becoming the platform of choice for Coinbase, Magic Eden, Metamask, Zora, and many others.

With a new injection of capital, we’re accelerating the work we’ve been doing on NFT infra and beyond — developing tools to power token trading for apps on every chain. Our product suite includes:

Relay: Instant bridging, swaps, & calls on Solana, Bitcoin, Tron, 42+ EVM chains, and your rollup
Reservoir Swap: A full stack trusted DEX & token API on your chain
Reservoir NFT: A complete NFT marketplace & NFT API on your chain

We’re proud of our NFT roots and the trust top projects like Abstract and Apechain have placed in us. Now we’re applying everything we’ve learned to make Reservoir the most powerful platform for token trading.

And not just on major chains, but on every network. Nick Grossman, Partner at USV, highlighted why Reservoir is uniquely positioned to deliver:

As the onchain ecosystem becomes ever more complex, we need tools that make the builder and user experience simpler, faster, and more joyful. This is exactly what the Reservoir team excels at across their suite of tools for bridging, swapping, and other onchain actions. We're thrilled to support their continued growth with the Series A.

Reimagining Crypto UX for Chains, Apps, and Users

Building amazing token-based experiences requires reimagining crypto UX. For chains, this means reliable DEX & NFT infrastructure as the foundation of sustainable token economies. For users, apps, and wallets, this means instant onboarding and trading across every network.

For all this and more, we’re here to help. Start building with Reservoir today: https://reservoir.tools