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BOB - Seed
Overview
Funding Date
March 27, 2024
Financing amount
$10M
Valuation
--
Category
About BOB - Seed
BOB, a hybrid layer-2 network – sitting atop the Bitcoin blockchain, but with Ethereum compatibility – has raised $10 million in seed funding. The round was led by Castle Island Ventures and included participation from Mechanism Ventures, Bankless Ventures, CMS Ventures, UTXO Management, Alliance, Antalpha Ventures, Bitcoin Frontier Fund, Web3.com Ventures, Rockaway, Zee Prime Capital, viaBTC Capital, Lucky Friday, Modular Capital, Daedalus, IOSG Ventures, along with angel investors Dan Held and domo, creator of the BRC-20 token standard.
On , Coinbase Ventures has joined the BOB's $10M seed round.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2018 | 56 | [email protected] | ||
| Fund | United States of America | 2020 | 97 | -- | ||
| Fund | Unknown | 2022 | 35 | -- | ||
| Fund | United States of America | 2018 | 311 | -- | ||
| Fund | United States of America | 2019 | 155 | [email protected] | ||
| Fund | United States of America | 2019 | 30 | [email protected] | ||
| DAO | Unknown | -- | 45 | -- | ||
| Fund | Singapore | -- | 20 | -- | ||
| Fund | Unknown | 2021 | 17 | -- | ||
| Corporate | Singapore | -- | 15 | -- |
Founders & Team
Dominik Harz
Alexei Zamyatin
Company Profile / Project Introduction
BOB is a hybrid L2 that combines the security of Bitcoin with the versatility of Ethereum. BOB aims to bridge Bitcoin's mass adoption potential with Ethereum Virtual Machine (EVM) capabilities and its ecosystem through a rollup solution using Bitcoin for security and enabling users to access dapps, DeFi and stablecoins. By bridging this gap, BOB hopes to enable developers to build dapps on the world's largest blockchain network and allow the users of that network greater access to innovative applications on the Ethereum network without having to leave the Bitcoin blockchain.