# Clipper

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.clipper.exchange
- Latest round: Seed (Jun 8, 2021)
- Investors on record: 1

## About

Based in California, US, and founded in 2021, Shipyard Software Inc., doing business as Clipper, operates as a financial technology firm. The company was founded by its CEO, Mark Lurie, and Abe Othman.

Clipper provides a decentralized exchange (DEX) platform that is mainly used by self-made crypto traders to trade cryptocurrencies. The company’s blockchain-based platform is built on an automated market maker (AMM) mechanism called the Formula Market Maker (FMM), which allows stable prices for small trades and liquidity provider (LP) yields without impermanent loss. In addition, the firm offers an online marketplace where users can buy clothing products, including t-shirts, shirts, and hoodies.

## Funding rounds

- Seed, Jun 8, 2021 — FJ Labs

## Investors

- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Seed