Based Completes Series A Funding Round on Hyperliquid Infrastructure
Recently, Based, a web trading and payment application built on Hyperliquid, successfully closed a $11.5 million Series A funding round.
Leading Institutions Invest in Based
This round was led by prominent venture capital firm Pantera Capital, with participation from Coinbase Ventures, Wintermute Ventures, and Karatage. The fundraising campaign began in the fourth quarter of 2025 and concluded just last week.
Innovative Funding Structure Supports Growth
The financing structure includes both equity investment and token warrants, providing Based with flexibility and strategic support for future development. Funds will be used to enhance platform capabilities, improve user experience, and expand into global markets.
- Pantera Capital leads the investment
- Coinbase Ventures joins the round
- Funds will focus on product development and market expansion