Tech Company Financing Transactions
Bitlayer Labs Funding Round
On 10/8/2024, Bitlayer Labs announced $9 million in Series A financing from Franklin Templeton, Polychain Capital and G20 Ventures.
Transaction Overview
Company Name
Announced On
10/8/2024
Transaction Type
Venture Equity
Amount
$9,000,000
Round
Series A
Investors
Franklin Templeton (Lead Investor)
Polychain Capital (Lead Investor)
Proceeds Purpose
The company intends to use the funds to accelerate the development and deployment of Bitlayer, enhancing its scalability, efficiency, and user accessibility.
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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