Solana ecosystem project Orca has concluded an $18 million Series A investment round led by some of the biggest venture funds in crypto, offering further evidence that high-profile investors are keen to back SOL-based startups.

Orca is a decentralized exchange that will be using the funds to develop its market maker software for Solana. The company made this announcement Wednesday. It comes just eight months after Yutaro and Grace Mori launched the project.