# Archimedes

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/archimedes

- Industry: Financial Services
- Headquarters: Los Angeles, US
- Website: www.archimedesfi.com
- Total disclosed funding: $4.9M
- Latest round: Seed (Feb 1, 2023)
- Investors on record: 7

## About

Based in California, US, and founded in 2022 by Derek Moen (CMO), Oz Rabinovitch (CEO), and Tomer Mayara (CTO), Archimedes operates a lending and borrowing platform that allows users to trade and grow their digital assets. In February 2023, Archimedes raised USD 4.9 million in seed funding led by new investor Hack VC, with participation from Cogitent Ventures, Haven Ventures, Palsar, Psalion VC, Truffle Capital, and Uncorrelated Ventures. The firm’s partners and investors include Shima Capital, Hack VC, Bitscale Capital, Origin, and Halborn. 

The firm creates a sustainable, long-term, and accessible set of opportunities within DeFi through scalable technology solutions. The firm leverages idle liquidity from investors to generate a yield from real economic activities and provides higher returns to investors in comparison to market returns.

## Funding rounds

- Seed, Feb 1, 2023, $4.9M — Truffle Capital, Hack VC, Uncorrelated Ventures, Cogitent Ventures, Haven Ventures, Psalion VC, Palsar Ventures

## Investors

- Truffle Capital (https://capitalatlas.ai/funds/truffle-capital) — Seed
- Hack VC (https://capitalatlas.ai/funds/hack-vc) — Seed
- Uncorrelated Ventures (https://capitalatlas.ai/funds/uncorrelated-ventures) — Seed
- Cogitent Ventures (https://capitalatlas.ai/funds/cogitent-ventures) — Seed
- Haven Ventures (https://capitalatlas.ai/funds/haven-ventures) — Seed
- Psalion VC (https://capitalatlas.ai/funds/psalion-vc) — Seed
- Palsar Ventures (https://capitalatlas.ai/funds/palsar-ventures) — Seed