# Swaap

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

- Industry: Financial Services
- Headquarters: France
- Website: www.swaap.finance
- Total disclosed funding: $4.5M
- Latest round: Seed (Apr 19, 2023)
- Investors on record: 6

## About

Based in Saint-Mandé, France, and founded in 2021, Swaap Finance provides market-making protocol. The company was co-founded by David Bouba and Cyrille Pastour. In April 2023, the firm raised USD 4.5 million in Seed funding led by investor Signature Ventures, with participation from other investors C² Ventures, Entrepreneur First, Kima Ventures, New Form Capital, and Pareto Ventures.

For sustainable yields and lower trading costs, the company offers a market-making protocol that makes use of a combination of oracles and dynamic spread. The solution offers LPs viable and passive market-making options, addressing the crucial problem of temporary loss that is common in DeFi.

The company plans to use the April 2023 funding to develop and release an upgrade to its existing market-making protocol.

## Funding rounds

- Seed, Apr 19, 2023, $4.5M — Kima Ventures, Entrepreneur First, Signature Ventures, New Form, Pareto Ventures, C² Ventures

## Investors

- Kima Ventures (https://capitalatlas.ai/funds/kima-ventures) — Seed
- Entrepreneur First (https://capitalatlas.ai/funds/entrepreneur-first) — Seed
- Signature Ventures (https://capitalatlas.ai/funds/signature-ventures) — Seed
- New Form (https://capitalatlas.ai/funds/new-form) — Seed
- Pareto Ventures (https://capitalatlas.ai/funds/pareto-ventures) — Seed
- C² Ventures — Seed