TechFlow News — Multichain automated market maker (AMM) bridging protocol Swim Protocol has announced a $4 million seed funding round, led by Pantera Capital. Other investors include FTX, Alameda Research, Coinbase Ventures, Solana Ventures, Jump Capital, Social Capital, IOSG Ventures, Rok Capital, GBV Capital, Mantis VC, Panony, and Bonfida.
Additional angel investors include Brandon Millman, Co-Founder and CEO of Phantom Wallet; Dean Thomas, Global Head of Institutional Capital at Polygon; and Phillip Liu, Head of Strategy at Avalanche. The new funds will support the execution of Swim Protocol’s long-term vision and accelerate its go-to-market (GTM) strategy, including marketing, community management, and brand development. Additionally, Swim Protocol plans to hire more software engineers and developers to build out its product suite.
Swim Protocol is planning to expand support to additional blockchains in the coming months, including Polygon and Terra, as well as Avalanche. It also intends to launch native stablecoin pools on Ethereum, Binance Smart Chain, and Solana, while continuing to integrate with other protocols to enable users to swap native assets across blockchains supported by the Swim network.
