# Liquity

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

- Industry: Financial Services
- Headquarters: Baar, Switzerland
- Website: www.liquity.org
- Total disclosed funding: $8.4M
- Latest round: Series A (Mar 29, 2021)
- Investors on record: 13

## About

Liquity AG is a blockchain-based financial technology firm that operates a decentralized borrowing protocol, enabling users to mint the stablecoin BOLD backed by Ethereum and Liquid Staking Tokens.Liquity AG, founded in 2020, is headquartered in Baar, Switzerland, and provides a decentralized borrowing protocol. The firm has raised USD 6.00 mn in a Series A funding round led by Pantera Capital on March 29, 2021, with participation from various investors including Alameda Research and AngelDAO. Founders Rick Pardoe and Robert Lauko have contributed significantly to the company's development, with Michael Svoboda acting as CEO.Liquity V2 offers an innovative borrowing protocol that allows users to deposit Ethereum (ETH) or Liquid Staking Tokens (LSTs) as collateral to mint the stablecoin BOLD. This version is an enhancement of Liquity V1, ensuring that BOLD is over-collateralized and backed exclusively by assets such as WETH, wstETH, and rETH. The service aims to provide a stablecoin alternative for users, promoting better financial management through customizable interest rates, appealing to individual investors, traders, and liquidity providers across North America, Europe, and parts of Asia.Liquity V2 generates revenue mainly through interest rates determined by users, which directly influences the yield for BOLD depositors. This model facilitates a capital-efficient environment for borrowers and lenders. Additionally, users can stake LQTY to earn rewards in LUSD and ETH, enhancing engagement and loyalty within the crypto ecosystem.Following their Series A funding of USD 6.00 mn in March 2021, Liquity AG plans to utilize the investment to expand their team and further develop the Liquity ecosystem. There are intentions to release new products and enhance existing services, while also targeting expansion into additional geographic markets, though specific dates and markets have not been detailed.

## Funding rounds

- Series A, Mar 29, 2021, $6M — Pantera Capital, Nima Capital, 1kx Ventures, Lemniscap, Greenfield Capital, Alameda Research, Tomahawk.vc, IOSG Ventures, AngelDAO
- Seed, Sep 23, 2020, $2.4M — A Capital Partners, Polychain Capital, Dfinity, 1kx Ventures, Lemniscap, Robot Ventures, Tomahawk.vc

## Investors

- A Capital Partners (https://capitalatlas.ai/funds/a-capital-partners) — Seed
- Polychain Capital (https://capitalatlas.ai/funds/polychain-capital) — Seed
- Dfinity — Seed
- 1kx Ventures (https://capitalatlas.ai/funds/1kx-ventures) — Seed, Series A
- Lemniscap — Seed, Series A
- Robot Ventures (https://capitalatlas.ai/funds/robot-ventures) — Seed
- Tomahawk.vc (https://capitalatlas.ai/funds/tomahawk-vc) — Seed, Series A
- Pantera Capital (https://capitalatlas.ai/funds/pantera-capital) — Series A
- Nima Capital — Series A
- Greenfield Capital (https://capitalatlas.ai/funds/greenfield-capital) — Series A
- Alameda Research — Series A
- IOSG Ventures (https://capitalatlas.ai/funds/iosg-ventures) — Series A
- AngelDAO (https://capitalatlas.ai/funds/angeldao) — Series A