Electric Solidus LLC

Electric Solidus LLC operates Swan Bitcoin, a platform focused on simplifying the investment process in Bitcoin while prioritizing user education and security. Founded in 2019 and headquartered in Calabasas, US, Electric Solidus LLC focuses on Bitcoin investments. The company's founders include Brady Swenson, Yan Pritzker, and CEO Cory Klippsten. In November 2021, the company raised USD 6.

00 mn in Series A funding from investors including Mimesis Capital and Ten31, totaling USD 6. 00 mn raised to date with a current valuation of USD 96. 00 mn. Swan Bitcoin provides a user-friendly platform for purchasing Bitcoin, emphasizing education and security.

Key offerings include the Swan app for direct purchases and recurring investments, Swan Vault for secure cold storage, and Swan IRA for retirement account investments. The company supports individual investors primarily in the US, Canada, and select European markets with extensive educational resources and events connecting them with experts. Swan Bitcoin generates revenue through transaction fees from Bitcoin purchases and premium services like Swan IRA and Swan Vault. Clients typically subscribe to a recurring purchase plan, facilitating consistent investment in Bitcoin.

This model promotes dollar-cost averaging while offering tiered pricing for advanced features and catering to both individual and institutional clients. Following the recent Series A funding round in November 2021, Electric Solidus LLC plans to enhance its product offerings and expand into new markets. The company aims to launch new features to improve user experience, although specific release dates have not been disclosed. Their expansion strategy includes targeting additional European countries by the end of 2023, leveraging the USD 6.

00 mn raised to support these initiatives and strengthen its market presence.