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Babylon - Series-A
Overview
Funding Date
December 7, 2023
Financing amount
$18M
Valuation
--
Category
About Babylon - Series-A
Babylon has raised $18 million in Series A funding round led by Polychain Capital and Hack VC. Other investors in the round included Framework Ventures, Polygon Ventures, Castle Island Ventures, OKX Ventures, Finality Capital, Breyer Capital, Symbolic Capital and IOSG Ventures. The new funding in this round will be used to support the development of Babylon's Bitcoin Staking protocol.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2016 | 163 | [email protected] | ||
| Fund | United States of America | 2017 | 78 | [email protected] | ||
| Fund | Canada | 2019 | 96 | [email protected] | ||
| Corporate | United States of America | 2017 | 136 | -- | ||
| Fund | United States of America | 2018 | 56 | [email protected] | ||
| Corporate | Hong Kong | 2017 | 146 | [email protected] | ||
| Fund | -- | -- | 29 | -- | ||
| Fund | United States of America | 2006 | 19 | [email protected] | ||
| Fund | Unknown | -- | 25 | -- | ||
| Fund | Hong Kong | 2017 | 107 | [email protected] |
Founders & Team
David Tse
Fisher Yu
Company Profile / Project Introduction
Babylon project designs security protocols that scale Bitcoin to secure the decentralized world. To this end, Babylon utilizes the three primary facets of Bitcoin: Bitcoin the asset, Bitcoin the reliable timestamping server, and Bitcoin the blockchain that contains the most censorship-resistant blockspace in the world. Through inventing pioneering protocols, Babylon envisions a more secure and decentralized future.