# Swing.xyz

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/swing-xyz

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.swing.xyz
- Total disclosed funding: $3M
- Latest round: Seed (Mar 12, 2021)
- Investors on record: 5

## About

Based in San Francisco, US, and founded in 2020, Merkle Labs Ltd., formerly known as Polkaswitch and d.ba. Swing.xyz (Swing) is a decentralized multi-chain liquidity protocol. In March 2021, Swing.xyz raised USD 3 million in Seed funding co-led by new investors Arrington XRP Capital, and Ascensive Assets, with participation from Kane & Rao Group, Skynet Trading, and TRGC. Additionally, in January 2022, the company raised USD 6 million in venture funding led by new investor Republic Capital, with participation from other new investors Celer Network and Saint Bitts LLC. Returning investors Kane & Rao Group and Morningstar Ventures also participated in the round. The venture funding valued Swing.xyz at USD 60 million post-money.  The company is led by founder and CEO, Viveik Vivekananthan.  

Swing offers a cross-chain liquidity and bridge protocol that helps traders, investors, and yield farmers move crypto capital efficiently across blockchains. The company's products include the Swing Platform which is a low code solution for Swing integrators to configure their integrations and monitor transaction metrics all in one user-friendly UI; Swing widget to seamlessly let customers bridge and swap between thousands of tokens across any chain, thus, intelligently route assets across cross-chain bridges, DEXes, and aggregators; Swing SDK; and Swap API. Moreover, Swing helps traders and yield farmers move crypto across a number of layer 1 (base layer) and layer 2 (companion network) blockchains, including Ethereum, Polygon, Avalanche, Binance Smart Chain, Arbitrum and Moonriver. The Swing token is a governance token standardized with ERC-20 and native to the Swing network and its decentralized autonomous organization (DAO) of traders, liquidity providers, and stakers.

## Funding rounds

- Seed, Mar 12, 2021, $3M — Arrington Capital, Ascensive Asset Management, TRGC, Skynet Trading, Kane & Rao Group

## Investors

- Arrington Capital — Seed
- Ascensive Asset Management (https://capitalatlas.ai/funds/ascensive-asset-management) — Seed
- TRGC (https://capitalatlas.ai/funds/trgc) — Seed
- Skynet Trading (https://capitalatlas.ai/funds/skynet-trading) — Seed
- Kane & Rao Group (https://capitalatlas.ai/funds/kane-rao-group) — Seed