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Bitfinity - Undisclosed
Overview
Funding Date
November 19, 2024
Financing amount
$12M
Valuation
--
Catagory
About Bitfinity - Undisclosed
Bitfinity Network has raised $12 million in funding round to create Ethereum Virtual Machine (EVM)-compatible decentralized finance (DeFi) functionality for Bitcoin. The project acquired support from institutional investors like Polychain and ParaFi earlier in 2024, alongside $5 million in over-the-counter (OTC) token sales — primarily contributed by the community.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2016 | 161 | info@polychain.capital | ||
| Fund | United States of America | 2018 | 98 | info@parafi.capital | ||
| Fund | United States of America | 2015 | 5 | -- | ||
| Fund | United States of America | 2019 | 12 | -- |
Company Profile / Project Introduction
Bitfinity is a blazingly-fast (1000 TPS+), next-generation EVM, serving as a Layer Two for Bitcoin and other Bitcoin on-chain assets. With Bitfinity, you will be able to deploy smart-contracts for Bitcoin, Ordinals, BRC-20 - all written in Solidity. Bitfinity is built on the Internet Computer.