# Atomiq DeFi

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/atomiq-defi

- Industry: Software
- Total disclosed funding: $3M
- Latest round: Seed (Apr 16, 2024)
- Investors on record: 6

## About

Founded by Zaid Ismail (CEO) in 2024, Atomiq DeFi operates as a fintech company offering a dApps platform for Bitcoin interoperability. In April 2024, the firm raised USD 3 million in seed funding led by investor X21 Digital, with participation from other investors Alphabit, NxGen Capital, Dutch Crypto Investors, Spicy Capital, and Altcoin Buzz.

The company offers Bitcoin decentralized finance (DeFi) services through a suite of dApps powered by Atomic Swaps. Atomiq DeFi enables native Bitcoin interoperability, eliminating the need for wrapped tokens and centralized intermediaries, making Bitcoin DeFi accessible to all. The Atomiq DeFi Product Suite includes Atomiq DEX, a DEX powered by Atomic Swaps, enabling direct swaps between Bitcoin and stablecoins; Atomiq PAD, a Bitcoin DeFi launchpad facilitating early-stage liquidity for projects; Atomiq WALLET, a non-custodial wallet for BTC, Mintlayer-based tokens, and EVM tokens; and Atomiq BRIDGE, facilitating liquidity transfer from other EVM chains.

The company plans to utilize the April 2024 funding to develop atomic-swap-powered decentralized exchange (DEX) on Bitcoin, built using the Mintlayer layer-2 protocol.

## Funding rounds

- Seed, Apr 16, 2024, $3M — Alphabit, X21 Digital, Dutch Crypto Investors, NxGen Capital, Spicy Company, Altcoin Buzz Pte Ltd

## Investors

- Alphabit (https://capitalatlas.ai/funds/alphabit) — Seed
- X21 Digital (https://capitalatlas.ai/funds/x21-digital) — Seed
- Dutch Crypto Investors (https://capitalatlas.ai/funds/dutch-crypto-investors) — Seed
- NxGen Capital (https://capitalatlas.ai/funds/nxgen-capital) — Seed
- Spicy Company — Seed
- Altcoin Buzz Pte Ltd — Seed