# First Answer Pte

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/first-answer-pte

- Industry: Software
- Headquarters: Singapore, Singapore
- Website: www.lmnl.app
- Total disclosed funding: $4.7M
- Latest round: Seed (Aug 29, 2022)
- Investors on record: 12

## About

Based in Singapore, and founded in 2021 by Mahin Gupta, First Answer Pte. Ltd. trading as Liminal, operates as a provider of digital asset wallet infrastructure for managing and protecting digital assets. In May 2022, First Answer Pte Ltd raised USD 4.7 million in seed funding led by Elevation Capital, with participation from other new investors LD Capital, Woodstock Fund, Nexus Ventures, Hashed Ventures, CoinDCX Ventures, Cadenza Capital Management, Defi Technologies Pte. Ltd., Better Capital, and Sparrow Capital Management. Other unspecified and individual investors also participated in the round. As of June 2023, the company has USD 550 million in assets under protection and processed over USD 6,000 million in transactions.

First Answer Pte Ltd offers a comprehensive range of products designed to provide a digital asset custody ecosystem for enterprises such as cold wallet solutions for storing digital assets, integrations with various decentralized finance (DeFi) protocols, hot wallet solutions for users who require frequent and immediate access to their digital assets, and enabling users to participate in proof-of-stake (PoS) networks and earn rewards. The company also empowers users to maintain full control and ownership of their digital assets through self-custody. Additionally, the company offers a Vaults App that allows users to perform transactions, and monitor their portfolio. The company's client base includes Wefi, Zebpay, WazirX, Veera, and Zabira.

## Funding rounds

- Seed, Aug 29, 2022, $4.7M — Better Capital, Elevation Capital, Sparrow Capital Management, Nexus Ventures, LD Capital, Hashed Ventures, Woodstock, Defi Technologies Pte. Ltd., Cadenza Capital Management, CoinDCX Ventures, Reflexical, Tikivation LLC

## Investors

- Better Capital — Seed
- Elevation Capital — Seed
- Sparrow Capital Management — Seed
- Nexus Ventures — Seed
- LD Capital (https://capitalatlas.ai/funds/ld-capital) — Seed
- Hashed Ventures (https://capitalatlas.ai/funds/hashed-ventures) — Seed
- Woodstock (https://capitalatlas.ai/funds/woodstock) — Seed
- Defi Technologies Pte. Ltd. — Seed
- Cadenza Capital Management (https://capitalatlas.ai/funds/cadenza-capital-management) — Seed
- CoinDCX Ventures (https://capitalatlas.ai/funds/coindcx-ventures) — Seed
- Reflexical — Seed
- Tikivation LLC — Seed