Fiamma, a Singapore-based Bitcoin and ZK infrastructure company, raised $4M in Seed funding.
The round was led by Lightspeed Faction and L2IV. Additional participating investors included Astera Ventures, Contribution Capital, Sat Ventures, Chapter One, FoundersHead, BOB (Build on Bitcoin), alongside various angel investors such as the founders of Satlayer and Daedalus.
The company intends to use the funds to scale its operations, accelerate product development, and drive adoption of its foundational technologies, Fiamma Bridge and Fiamma Layer.
Co-founded by CEO Yovela Luo and CTO Cyimon Chen, Fiamma is improving use cases for Bitcoin, offering the Fiamma Bridge and Fiamma Layer, the first products to implement BitVM2. Fiamma Bridge is a trust-minimized Bitcoin bridge. Fiamma Layer is an ZK verification layer on Bitcoin powered by BitVM2.
FinSMEs
04/12/2024