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Nubit - Undisclosed
Overview
Funding Date
June 5, 2024
Financing amount
$12M
Valuation
--
Catagory
About Nubit - Undisclosed
Nubit announced that it has reached a total of $12 million in venture funding through a new investment round led by Polychain, participation from a host of well-known VCs including Nomad Capital, dao5, The Spartan Group, Primitive Ventures, OKX Ventures, L2IV, GeekCartel, Symbolic Capital and many others.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2016 | 146 | info@polychain.capital | ||
| Corporate | Unknown | 2022 | 19 | IR@nomadcapital.io | ||
| Fund | United States of America | 2022 | 34 | -- | ||
| Fund | Singapore | 2018 | 167 | info@spartangroup.io | ||
| Fund | United States of America | 2018 | 18 | dovey@primitive.ventures | ||
| Corporate | Hong Kong | 2017 | 127 | support@okex.com | ||
| Corporate | United States of America | -- | 4 | -- | ||
| Fund | Singapore | -- | 10 | -- | ||
| Fund | Unknown | -- | 16 | -- |
Founders & Team
Hanzhi Liu
Hongbo Wen
Company Profile / Project Introduction
Nubit is a scalable and the first Bitcoin-native data availability layer, secured by Bitcoin, for the Bitcoin community. Nubit enables the scaling of Bitcoin’s data capacities without compromises, empowering applications like Ordinals, layer 2s, price oracles, and indexers thus broadening the scope and efficiency of the Bitcoin ecosystem. It leverages the innovative high-performance consensus algorithm and lightning network to inherit the full censorship-resistant nature of Bitcoin.