[Funding news] CA-based Sidepit Secures Undisclosed Amount in Pre-Seed Funding

Sidepit, a fintech startup, secures an undisclosed amount in Pre-Seed funding. Backers were not disclosed. The company intends to use the funds to accelerate the development of a trading platform built around a patented Decentralized Limit Order Book (DLOB).

With its unique decentralised limit order book (DLOB) technology, it, led by CEO and Founder Jay Berg, is dedicated to eradicating covert manipulation from conventional and decentralised financial exchanges while providing institutions and individual traders with a fair and transparent trading environment.

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Trade execution risks including front-running, also known as Miner Extracted Value (MEV), in blockchain exchanges and flash crashes from high-frequency trading (HFT) bots in centralised exchanges are eliminated by Sidepit’s unique DLOB technology. All participants benefit from this innovation’s creation of a transparent, safe, and equitable trading environment.

Jay Berg, CEO and Founder of Sidepit said, “We’re thrilled by the support and encouragement from this sophisticated group of thought leaders in both traditional and decentralized finance, This early investment allows us to bring the Sidepit vision to life and positions us well as we prepare for our seed round.”

About Sidepit

Established in 2023 and based in Berkeley, California, Sidepit is dedicated to eradicating covert manipulation from conventional and decentralised finance exchanges by means of its exclusive Decentralised Limit Order Book (DLOB) technology. The platform provides institutions and individual traders with an equitable and lucid trading environment.