# The Swim Protocol Foundation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/the-swim-protocol-foundation

- Industry: Internet
- Headquarters: Menlo Park, US
- Website: www.swim.io
- Total disclosed funding: $4M
- Latest round: Seed (Mar 9, 2022)
- Investors on record: 13

## About

Based in California, US, and founded in 2021, The Swim Protocol Foundation operates as a cross-chain infrastructure developer that uses multi-token liquidity pools and Solana's Wormhole to make it easier to transfer tokens between chains. As of 2022, Troy Tsui will is the CEO of the company.

In March 2022, The Swim Protocol Foundation raised USD 4 million in Seed funding led by Pantera Capital including Alameda Research, Bonfida, Coinbase Ventures, FTX Trading Ltd., GBV Capital, IOSG Ventures, Jump Capital, Mantis, Prosperity Consulting Limited, ROK Capital, Social Capital, Solana Labs, Inc., and individual investors. 

The company offers a simple way to transfer tokens across chains via multi-token liquidity pools and Solana's Wormhole. The firm provides a swim protocol that eliminates the need for wrapped assets by allowing users to swap from a native asset on one chain to a native asset on any other supported chain. Swim's solution lowers users’ barriers when performing cross-chain transactions, enabling true interoperability between various blockchain networks.

The organization plans to use the March 2022 funding to hire software engineers and developers to continue building on the protocol’s long-term product milestones and support its go-to-market strategy in areas such as marketing, community management, and branding and also plans to launch pools for native stablecoins on Ethereum, BNB Chain, and Solana to continue integrating with other protocols shortly.

## Funding rounds

- Seed, Mar 9, 2022, $4M — Social Capital, Jump Capital, Pantera Capital, Coinbase Ventures, Solana Labs, Inc., FTX Trading Ltd., Alameda Research, Mantis, IOSG Ventures, GBV Capital, Prosperity Consulting, ROK Capital, Bonfida

## Investors

- Social Capital (https://capitalatlas.ai/funds/social-capital) — Seed
- Jump Capital (https://capitalatlas.ai/funds/jump-capital) — Seed
- Pantera Capital (https://capitalatlas.ai/funds/pantera-capital) — Seed
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Seed
- Solana Labs, Inc. — Seed
- FTX Trading Ltd. — Seed
- Alameda Research — Seed
- Mantis (https://capitalatlas.ai/funds/mantis) — Seed
- IOSG Ventures (https://capitalatlas.ai/funds/iosg-ventures) — Seed
- GBV Capital (https://capitalatlas.ai/funds/gbv-capital) — Seed
- Prosperity Consulting (https://capitalatlas.ai/funds/prosperity-consulting) — Seed
- ROK Capital — Seed
- Bonfida — Seed