# Primitive

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

- Industry: Software
- Headquarters: Eugene, US
- Website: https://primitive.xyz/
- Total disclosed funding: $9M
- Latest round: Series A (Aug 18, 2022)
- Investors on record: 7

## About

Based in Oregon, US, and founded in 2020, Primitive Bits, Inc. operates as a developer of software tools used by decentralized finance developers. In August 2022, Primitive raised USD 9 million in series A funding led by Bain Capital Ventures, with participation from 1confirmation, Collab+Currency Management, LLC, Electric Capital, Framework Ventures, Nascent, and Robot Ventures. As of August 2022, the company is led by its CEO Alexander Angel, Zach Thielemann, and Matt Czernik.

Primitive Bits, Inc. builds products oriented around Automated Market Makers (AMMs) and their evolving role in decentralized finance. The company offers advanced financial products hosted on a company-controlled domain as well as decentrally hosted through IPFS and also provides market-making strategies decentralized and RMM protocol.

The company plans to use the series A funding to develop its AMM software and improve its product and service offerings.

## Funding rounds

- Series A, Aug 18, 2022, $9M — Bain Capital, 1Confirmation, Electric Capital, Robot Ventures, Framework Ventures, Collab+Currency Management, Nascent

## Investors

- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Series A
- 1Confirmation (https://capitalatlas.ai/funds/1confirmation) — Series A
- Electric Capital (https://capitalatlas.ai/funds/electric-capital) — Series A
- Robot Ventures (https://capitalatlas.ai/funds/robot-ventures) — Series A
- Framework Ventures (https://capitalatlas.ai/funds/framework-ventures) — Series A
- Collab+Currency Management (https://capitalatlas.ai/funds/collab-currency-management) — Series A
- Nascent (https://capitalatlas.ai/funds/nascent) — Series A