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Bitlayer - Series A
Overview
Funding Date
July 23, 2024
Financing amount
$11M
Valuation
$300M
Category
Subcategory
About Bitlayer - Series A
Bitcoin Layer 2 project Bitlayer Labs has successfully raised $11 million in its Series A funding round. The round was led by Franklin Templeton, ABCDE, and Framework Ventures, with additional participation from Stake Capital Group, Wagmi Ventures, Flow Traders, and GSR Ventures.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 1947 | 28 | -- | ||
| Fund | Singapore | 2022 | 37 | -- | ||
| Fund | Canada | 2019 | 98 | [email protected] | ||
| Fund | Switzerland | 2016 | 20 | [email protected] | ||
| Fund | United States of America | 2021 | 28 | -- | ||
| Fund | Japan | 2012 | 16 | -- | ||
| Corporate | United States of America | 2004 | 31 | [email protected] | ||
| Fund | United States of America | 2004 | 22 | -- |
Founders & Team
Charlie Hu
Kevin He
Company Profile / Project Introduction
Bitlayer is the first Bitcoin Layer 2 network based on BitVM, offering Bitcoin-equivalent security and Turing-completeness. Bitlayer is committed to becoming the computation layer for Bitcoin. It introduces ultra-scalability and inherits Bitcoin's L1 security, providing users with high throughput and a low-cost transaction experience.