Tech Company Financing Transactions
Bitlayer Labs Funding Round
Franklin Templeton, FalconX and Flow Traders participated in a $11 million Series A funding round for Bitlayer Labs. The financing was announced on 7/23/2024.
Transaction Overview
Company Name
Announced On
7/23/2024
Transaction Type
Venture Equity
Amount
$11,000,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to expand its growth and development efforts.
Company Information
Company Status
Private & Independent
Industry
Life Sciences
Mailing Address
Undisclosed
Singapore, Undisclosed
Singapore
Singapore, Undisclosed
Singapore
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Bitlayer is the first Layer 2 solution offering Bitcoin-equivalent security and Turing completeness. It's also the first built on BitVM. Bitlayer aims to bring secure scalability to the Bitcoin ecosystem, promoting asset diversity and spurring innovation for a faster, safer, and more flexible user experience.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Co-Founder
Kevin He
Co-Founder
Charlie Hu
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