# Stroom

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

- Industry: Financial Services
- Headquarters: Kyiv, Ukraine
- Website: www.stroom.network
- Total disclosed funding: $3.5M
- Latest round: Seed (Aug 31, 2023)
- Investors on record: 5

## About

Established in 2022 and based in Ukraine, Stroom operates as a financial protocol between the Bitcoin Lightning Network and EVM-based blockchains. It enables users to generate income and keep up their own node infrastructure. Rostyslav Shvets (CEO) and Slava Zhygulin (CTO) are the co-founders of the company. In August 2023, Stroom raised USD 3.5 million in seed funding from Greenfield, including Cogitent Ventures, Lemniscap, Mission Street Ventures, and No Limit Holdings.

The company's primary product is the Liquid Staking Protocol, a solution that allows consumers to earn yield while keeping their Bitcoin liquid. The firm’s protocol provides several key benefits, including increased yield for users looking to diversify and move their BTC to other blockchain networks; decentralized staking, which allows users to stake their BTC in a decentralised manner within the lightning network; liquid token, which allows users to receive a liquid token pegged 1:1 to their BTC holdings; and boosting adoption, which accelerates lightning network adoption by injecting additional liquidity and making microtransactions possible.

The organization plans to use the August 2023 funding to expand its team and launch the Liquid Staking Token on the Ethereum mainnet.

## Funding rounds

- Seed, Aug 31, 2023, $3.5M — Lemniscap, Greenfield Capital, Cogitent Ventures, No Limit Holdings, Mission Street Ventures

## Investors

- Lemniscap — Seed
- Greenfield Capital (https://capitalatlas.ai/funds/greenfield-capital) — Seed
- Cogitent Ventures (https://capitalatlas.ai/funds/cogitent-ventures) — Seed
- No Limit Holdings (https://capitalatlas.ai/funds/no-limit-holdings) — Seed
- Mission Street Ventures (https://capitalatlas.ai/funds/mission-street-ventures) — Seed