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Fiamma - Seed
Overview
Funding Date
December 4, 2024
Financing amount
$4M
Valuation
--
Category
Subcategory
About Fiamma - Seed
Fiamma, a Bitcoin and ZK infrastructure company transforming Bitcoin into a dynamic and programmable asset, today announced an oversubscribed $4M seed round investment led by Lightspeed Faction and L2IV. Additional participating investors include Astera Ventures, Contribution Capital, Sats Ventures, Chapter One, and FoundersHead. The investment also includes participation from key strategic investors in the Bitcoin infrastructure space, such as BOB (Build on Bitcoin), alongside various angel investors such as the founders of Satlayer and Daedalus. The company plans to utilize this investment to scale Fiamma's operations, accelerate product development, and drive adoption of its foundational technologies; Fiamma Bridge, the first trust-minimized Bitcoin bridge, and Fiamma Layer, the first ZK verification layer on Bitcoin powered by BitVM2.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2000 | 62 | [email protected] | ||
| Corporate | United States of America | -- | 7 | -- | ||
| Fund | United States of America | -- | 1 | -- | ||
| Corporate | United States of America | -- | 2 | -- | ||
| Corporate | Unknown | 2024 | 6 | -- | ||
| Fund | United States of America | -- | 24 | -- |
Company Profile / Project Introduction
Founded by seasoned ZK (zero-knowledge) developers, researchers, and strategists in fintech and crypto, Fiamma is the first to enable Bitcoin to verify ZKPs optimistically under the BitVM2 paradigm. One of the most powerful features of ZK technology is its ability to compress complex computations into small, constant-size proofs that can be easily verified on blockchains. This is the mechanism behind ZK-rollups, which help scale Ethereum. While Bitcoin remains the most valuable and secure blockchain, its limited programmability restricts it from supporting the broad range of applications found on other networks. Another crucial advantage of ZK technology is enabling trustless interoperability between blockchains.