Imperial completes $1.5 million seed round, led by Foundation Capital

Odaily reports that Imperial has announced the completion of a $1.5 million seed funding round led by Foundation Capital, with participation from Solana ecosystem angel investors, at a post-money valuation of $15 million. Imperial primarily provides Solana perpetual futures trading services. The funds from this round will be used to expand its product portfolio, including a perpetual contract aggregator, a lending platform, and its flagship project Armada. Armada is a perpetual contract AMM deployed on the Solana ecosystem that can source liquidity from DeFi platforms such as Hyperliquid, enabling traders to access deeper order books without leaving Solana.