Everclear Foundation

Connext is a Fintech and Internet startup that aims to revolutionize liquidity settlement between blockchain networks with its product, Everclear, also known as the First Clearing Layer. Everclear is designed to coordinate global settlement of liquidity between chains, tackling the issue of fragmentation for modular blockchains. At scale, Everclear envisions netting over 80%+ transactions and automatically routing them through the optimal settlement mechanisms, thereby significantly enhancing applications' scalability and capital efficiency. The company's bridge has already facilitated over $2.5B in cumulative transaction volume and bridged over $1B in TVL. Founded in 2017 and headquartered in the United States, Everclear has garnered substantial support, including grants from the Ethereum Foundation and backing from top VCs such as Polychain Capital, Consensys Ventures, 1kx, Pantera Capital, Hashed, and others. Moreover, the startup recently secured a significant $7.50M Series A investment on 14 June 2023, with participation from notable investors including A.Capital, Fenbushi Capital, Hashed, NGC Ventures, Coinbase Ventures, Ethereal Ventures, Polygon Ventures, Factor, Dokia Capital, and KXVC. Overall, Everclear's innovative approach to blockchain liquidity settlement and its strong backing reflect its potential to make a significant impact on the fintech industry and the broader blockchain ecosystem.