.webp)
August 7, 2025 – Euphoria, the pioneering mobile-first crypto derivatives trading platform, today announced the successful close of its $7.5 million seed funding round. The comprehensive raise, which includes a $2.5 million pre-seed round closed in November 2024 and a $5 million seed round between February and July 2025, was led by Karatage, with significant follow-on participation from pre-seed co-leads Figment Capital and Robot Ventures. This substantial investment validates Euphoria's vision to simplify complex crypto derivatives for a broader audience, aiming to become a breakout consumer application in the digital asset market.
The funding round saw participation from over 100 investors, reflecting widespread confidence in Euphoria's innovative approach. Notable contributors include Bankless Ventures, First Commit, Hash3, Comfy Capital, and Kosmos Ventures, alongside a curated group of over 100 angel investors such as Kain Warwick (Infinex), Santiago Santos (Inversion), Sanat Kapur (Dragonfly), Frank Chaparro (GSR), Steven Zheng (The Block), Daryl Lau (LayerZero), Sandra Leow (Kaito), Ogle (Glue / World Liberty Financial), and Gabriel Haines. Structured as a Simple Agreement for Future Equity (SAFE) with token warrants, the raise brings Euphoria’s post-money equity valuation to the "upper 8 figures."
"Our investor base is intentionally curated for their strategic value, network, and ability to directly help us make Euphoria a breakout success," stated Nathan Worsley, Co-founder and CEO of Euphoria. "We are building a platform that abstracts the immense complexity of underlying protocols, creating an exceptional user experience that makes derivatives trading accessible and enjoyable for everyone."
Euphoria is engineered to transform the crypto derivatives landscape by introducing a "tap trading" interface, designed to make speculating on crypto options and perpetuals as intuitive as possible. Built on the MegaETH blockchain, Euphoria aims to remove the steep learning curve associated with traditional derivatives platforms, where understanding order types, collateral management, and leverage often deters new users.
Industry leaders have lauded Euphoria's potential:
- Tarun Chitra of Robot Ventures commented, "We're super excited to see Euphoria bring together the best of understanding on-chain trading and perpetuals markets to consumer experiences."
- Grug Capital noted, "Euphoria is giving users new and unique ways to speculate with leverage, which has proven to be one of the most successful and innovative things you can do in crypto."
- Hootie Rashidifard of Hash3 praised, "Euphoria is a first of its kind venture, aggregating options and perps liquidity and pairing it with embedded oracles. Nathan and the team have a unique perspective on how to build exchanges."
- Viktor Bunin highlighted, "I'm thrilled we're seeing more infrastructure don the mask of a consumer product, abstracting the immense complexity of the underlying protocol, to create an exceptional user experience."
- Figment Capital hailed Euphoria as "the most innovative new DeFi application coming to market in recent memory."
The platform's business model, similar to Hyperliquid, will generate revenue through in-house market-making operations and trading fees. By focusing on a mobile-native, gamified approach to price predictions, Euphoria seeks to unlock an entirely new user segment, much like Robinhood democratized stock options trading.
The fresh capital will be deployed to accelerate product development, expand the current team of eight with three to five key hires across engineering, product design, and growth, and prepare for the upcoming launch of its tap trading product on the MegaETH mainnet later this year. A native token launch is also part of Euphoria's long-term roadmap.
About Euphoria:
Euphoria is a cutting-edge mobile-first crypto derivatives trading platform built on MegaETH, designed to simplify and gamify access to crypto options and perpetuals. Through its innovative "tap trading" interface, Euphoria aims to lower the barrier to entry for complex financial instruments, making them accessible, fun, fast, and frictionless for everyday users.
About Karatage:
Karatage is a venture capital firm focused on investing in and supporting innovative projects within the blockchain and cryptocurrency space.About Figment Capital:
Figment Capital is an investment firm dedicated to backing the most promising ventures in the digital asset ecosystem, with a focus on foundational infrastructure and disruptive applications.About Robot Ventures:
Robot Ventures is a venture capital firm that invests in early-stage cryptocurrency and blockchain companies, known for its strategic insights and support for projects building foundational infrastructure in the decentralized ecosystem.Compiled by CMO Intern team
