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Velar

Velar

Private
DubaiCrypto & Web3https://velar.com/

Last Round

Initial Coin

Offering

Apr 3, 2024

Est. Valuation

$30M

Total Funding Raised

$3.74M

Momentum

Top 25%

of companies Caplight tracks

Company Overview

Velar is a fintech company that provides a decentralized finance (DeFi) liquidity protocol on the Bitcoin network, offering products such as a decentralized exchange (DEX), a perpetual derivatives exchange (PerpDEX), and a token launchpad.

Sector

Crypto & Web3

Verticals

DeFi, Crypto Exchanges, Layer 2 Solutions, Blockchain Infrastructure, Cross-Chain

Business Model

B2C

Customer Profile

Marketplace Commission, Usage-Based SaaS

AI Layer

Non-AI

Keywords

bitcoin defidecentralized exchangeDEXperpetual swapsperpDEXliquidity protocolbitcoin layer-2IDO launchpadyield farmingcross-chain bridgeliquidity poolsdefi infrastructurecrypto tradingleveraged tradingdefi developer tools

Historical Pricing

Historical view of private secondary pricing and transaction trends.

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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Velar Comps

Public and private peers based on sector, stage, and business model.

Velar comps — public and private peers by sector, stage, and business model
CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Velar Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Initial Coin OfferingApr 3, 2024
SeedFeb 1, 2024

Key People

Founding team and executive leadership

Tejinder Singh Mor

Co-Founder and CPO

Founding Team

Mithil Thakore

Co-Founder and CEO

Founding Team

Velar Investors

Notable investors and investment history

Market signals

Structured signals derived from secondary market and firmographic data.

  • May 17, 2026

    Monthly visitors increased 55% MoM.

  • Mar 26, 2025

    Partnered with Mezo to bring mUSD asset to PerpDEX platform.

Velar Filings

SEC and related filings with document metadata.

Data table
TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Velar Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Velar's valuation, stock price, and market status.

Firmographic Details

HeadquartersDubai
Employee Range26
Year Founded2023
Last FundingApr 3, 2024

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