Alpen Labs raised $10.6M in a funding round led by Ribbit Capital to enhance Bitcoin’s blockchain scalability using zero-knowledge proofs and introduce smart contract functionality to Bitcoin.
Apr 14, 2024•over 1 year ago
Amount Raised
$10.6 Million
New YorkCryptocurrencyBlockchainInvestors
Axiom CapitalRobot VenturesCastle Island VenturesRibbit Capital
Description
Alpen Labs, a Bitcoin layer-2 developer, successfully raised $10.6 million in a funding round led by Ribbit Capital. The startup aims to enhance Bitcoin’s blockchain scalability using zero-knowledge proofs and introduce smart contract functionality to Bitcoin through its rollup infrastructure.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
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