# SecondSwap

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

- Industry: Financial Services
- Headquarters: Singapore
- Website: www.secondswap.io/
- Total disclosed funding: $1.2M
- Latest round: Seed (Nov 22, 2024)
- Investors on record: 2

## About

Founded in 2023 and based in Singapore, SecondSwap operates as a cryptocurrency platform that allows traders to trade, sell, and buy locked tokens and cryptocurrency. In November 2024, SecondSwap raised USD 1.2 million in seed funding from GSR and Animoca Ventures, with participation from individual and other unspecified investors.

SecondSwap offers a platform that facilitates access to projects and tokens, enabling investors to purchase them at competitive prices. The core service revolves around creating liquidity and providing mechanisms for investors to de-risk their portfolios, lock in profits, and allocate capital towards new investment opportunities. This platform is designed for institutional and individual investors who seek to diversify their holdings while onboarding more committed token holders. By alleviating sell pressure during token releases, SecondSwap aims to enhance the overall market stability for the projects it supports. The geographical markets served include North America, Europe, and select regions in Asia, targeting a diverse client base that encompasses both retail and institutional investors.

SecondSwap generates revenue through transaction-based activities on its platform, where clients engage in buying and selling tokens. The transaction structure typically involves direct interactions between the company and its users, which can include both B2B and B2C models. By leveraging partnerships with high-profile projects, SecondSwap enhances its service offerings and establishes a steady flow of transactions. The pricing plans for various services are structured to accommodate different levels of engagement, catering to both casual investors and institutional clients looking for comprehensive investment solutions. Flagship services are integral to its business model, emphasizing the importance of liquidity and market access for its clientele.

SecondSwap is targeting expansion into emerging markets in Asia and further penetration into Europe by the end of 2025.

## Funding rounds

- Seed, Nov 22, 2024, $1.2M — Gsr International Limited, Animoca Ventures

## Investors

- Gsr International Limited — Seed
- Animoca Ventures (https://capitalatlas.ai/funds/animoca-ventures) — Seed