# SithSwap

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

- Industry: Financial Services
- Headquarters: Road Town, British Virgin Islands
- Website: www.sithswap.com
- Total disclosed funding: $2.6M
- Latest round: Seed (Jun 22, 2022)
- Investors on record: 5

## About

Based in Road Town, British Virgin Islands, and founded by Sidius, SithSwap provides AMM services intended to cover instant volatile, stable swaps with limited trading fees, no admin fees, and complete Ethereum security. In June 2022, SithSwap raised USD 2.65 million in seed funding led by Lemniscap, with participation from DWeb3 Capital, Ghaf Capital Partners, GSR Capital, and Big Brain Holdings. The seed funding values the company at USD 25 million post-money.

The company provides volatile pairs and uni-swap V2-like stable with full security of Ethereum and built-in flash loans proof, allowing traders to generate incentives in exchange for voting power to control future protocol emissions and third-party incentives.

The company plans to use its proceeds from June 2022 funding to hire Cairo developers and accelerate the deployment of the core AMM contracts to the Starknet Alpha Mainnet.

## Funding rounds

- Seed, Jun 22, 2022, $2.6M — Lemniscap, GSR Capital, Ghaf Capital Partners, DWeb3 Capital, Big Brain Holdings

## Investors

- Lemniscap — Seed
- GSR Capital (https://capitalatlas.ai/funds/gsr-capital) — Seed
- Ghaf Capital Partners (https://capitalatlas.ai/funds/ghaf-capital-partners) — Seed
- DWeb3 Capital (https://capitalatlas.ai/funds/dweb3-capital) — Seed
- Big Brain Holdings (https://capitalatlas.ai/funds/big-brain-holdings) — Seed