# Fiamma

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

- Industry: Software
- Total disclosed funding: $4M
- Latest round: Seed (Dec 4, 2024)
- Investors on record: 7

## About

Founded in 2024, FiammaLabs Ltd., dba Fiamma operates as a software development company that develops Bitcoin-based platform solutions for decentralized finance and Internet infrastructure. The firm is led by its co-founders, Yovela Luo (CEO) and Cyimon Chen (CTO). In December 2024, Fiamma raised USD 4 million in seed funding co-led by Faction VC, L2 Iterative Ventures, including Astera Ventures, Chapter One Ventures, Contribution Capital, and Sats Ventures. The firm is led by its co-founders, Yovela Luo (CEO) and Cyimon Chen (CTO).

Fiamma is focused on advancing the Bitcoin ecosystem through BitVM2, a groundbreaking technology that enables Zero-Knowledge Proof (ZKP) verification on the Bitcoin network. This innovation allows Bitcoin to verify virtually anything, fostering interoperability, bridging, and Bitcoin-native applications. Fiamma’s flagship products include the Fiamma Layer, the first Bitcoin ZK verification layer powered by BitVM2, and the Fiamma Bridge, a BitVM Bitcoin bridge currently in Alpha Testnet. These tools enable Bitcoin holders to engage with decentralized protocols, earn yields, and enhance Bitcoin’s role in decentralized finance (DeFi). Fiamma partners with Web3 infrastructure solutions like Avail, Babylon, and GOAT Network to support scalable, trust-minimized execution layers and enable Bitcoin holders to earn yields from Proof of Stake blockchains.

The company plans to utilize the December 2024 funding to expand operations, enhance product development, and increase the adoption of its Bitcoin-based solutions.

## Funding rounds

- Seed, Dec 4, 2024, $4M — Chapter One, Faction, L2 Iterative Ventures, Founderheads, Contribution Capital, Sats Ventures, Astera Ventures

## Investors

- Chapter One (https://capitalatlas.ai/funds/chapter-one) — Seed
- Faction (https://capitalatlas.ai/funds/faction) — Seed
- L2 Iterative Ventures (https://capitalatlas.ai/funds/l2-iterative-ventures) — Seed
- Founderheads — Seed
- Contribution Capital — Seed
- Sats Ventures (https://capitalatlas.ai/funds/sats-ventures) — Seed
- Astera Ventures (https://capitalatlas.ai/funds/astera-ventures) — Seed