Fiamma is a technology company.
Fiamma has raised $4.0M across 1 funding round.
Fiamma has raised $4.0M in total across 1 funding round.
Fiamma has raised $4.0M in total across 1 funding round.
Fiamma's investors include Felicis Ventures, General Catalyst, Moxxie Ventures, Openspace Ventures, Y Combinator, Kevin Stumpf, Kulveer Taggar.
Fiamma Labs is a Bitcoin infrastructure company building trust-minimized bridging solutions and DeFi products to integrate Bitcoin liquidity into decentralized finance. It develops the FIRE super app for earning and trading, a BitVM2-based Bitcoin bridge for seamless BTC deposits/withdrawals, and the upcoming Ride social trading platform, serving crypto users seeking secure, social, and efficient Bitcoin-DeFi interactions.[1][3] These products solve Bitcoin's liquidity isolation by enabling 30-second native withdrawals, 1:1 backing, and ZK-verified security, addressing billions in annual bridge hacks through isolated UTXOs and anti-hack protections; the company raised $4M in seed funding in December 2024, led by Lightspeed Faction, with mainnet bridge live and FIRE beta on the App Store.[1][2][3]
Fiamma emerged from the need to unlock Bitcoin's security for programmable applications, founded by ZK experts including co-founder and CTO Cyimon Chen, who brings seven years of zero-knowledge proof enthusiasm and was inspired by the BitVM paper to build the first functional ZK verifiers for Bitcoin script (Fflonk and Groth16).[3] Headquartered in Singapore with 2-10 employees, the company launched around 2024, quickly pioneering BitVM2 implementations—the first trustless Bitcoin bridging tech integrated with Babylon for ZK capabilities across Bitcoin, Ethereum, and beyond.[1][2][3][4] Early traction included the $4M seed round on December 4, 2024, collaborations like Babylon Labs in January 2025, and mainnet deployment of the bridge, marking pivotal steps in trust-minimized Bitcoin infrastructure.[1][2]
Fiamma rides the Bitcoin programmability wave, capitalizing on BitVM2 and ZK advancements to transform stagnant BTC holdings into dynamic DeFi assets amid rising demand for trustless cross-chain liquidity.[1][3] Timing aligns with 2025's bridge hack epidemic (billions lost yearly) and Bitcoin's scaling push, where market forces like ETF inflows and layer-2 hype favor secure bridges over risky centralized alternatives.[1] By enabling BTC-backed stablecoins, lending, and dApps, Fiamma influences the ecosystem as a foundational primitive, boosting composability between Bitcoin's $1T+ market cap and DeFi's growth while upholding decentralization.[2][3]
Fiamma's momentum—mainnet bridge, FIRE beta, and partnerships like Babylon—positions it to capture Bitcoin DeFi's explosive growth, with Ride's launch potentially onboarding social traders to perps and predictions.[1] Trends like ZK scaling, BitVM evolution, and regulatory clarity for BTC infrastructure will accelerate adoption, evolving Fiamma from bridge pioneer to full Bitcoin finance stack leader. As the most trust-minimized entry point for BTC in DeFi, it promises to make finance "more human, open, and rewarding," redefining Bitcoin's role in a programmable internet.[1][3]
Fiamma has raised $4.0M across 1 funding round. Most recently, it raised $4.0M Seed in December 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 1, 2024 | $4.0M Seed | Felicis Ventures, General Catalyst, Moxxie Ventures, Openspace Ventures, Y Combinator, Kevin Stumpf, Kulveer Taggar |