Botanix Labs raises $8.5 million in a seed funding round led by Polychain Capital, Placeholder Capital, Valor Equity Partners and ABCDE to build a Bitcoin-native DeFi ecosystem
Botanix Labs raises $8.5 million in a seed funding round led by Polychain Capital, Placeholder Capital, Valor Equity Partners and ABCDE to build a Bitcoin-native DeFi ecosystem
05/07/24, 1:27 PM
Location
new yorkMoney raised
$8.5 million
Industry
software
Round Type
seed
Investors
Eric Wall, Blocmates, Xbto Ventures, Utxo Management, Curiosity Capital, Edessa Capital, Domo (Creator Of The Brc 20 Token Standard), Walt Smith, Davis (A.K.A., “Karbon Based”), Crypto Iso, Icebergy, Jebus, Dovey Wan, Altcoin Sherpa, Charlie Spears, The Crypto Dog, Dan Held, Fiskantes, Andrew Kang, Abcde, Valor Equity Partners, Placeholder Capital, Polychain Capital
Botanix Labs raised $8.5 million in a seed funding round from Polychain Capital, Placeholder Capital, Valor Equity Partners, and ABCDE, as well as from several angel investors, to build a Bitcoin-native DeFi ecosystem. The funds will be used to build the Spiderchain, a Bitcoin-native Layer 2 primitive with full Ethereum Virtual Machine equivalence, and to grow the company's team for product development.
Company Info
Location
100 church street
new york, new york, united states
Additional Info
Botanix unites Bitcoin's market cap with Ethereum's dApp ecosystem, fusing the best of both worlds. Bitcoin's fair distribution, decentralization, and unparalleled security meet Ethereum's diverse applications, igniting a new frontier.