# Alpen Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/alpen-labs

- Industry: Financial Services
- Headquarters: Albany, US
- Website: https://www.alpenlabs.io
- Total disclosed funding: $15M
- Latest round: Seed (Sep 5, 2024)
- Investors on record: 12

## About

Based in New York, US, and co-founded by Simanta Gautam (CEO) in 2022, Alpen Labs Inc. operates as a financial technology company that specializes in the development of Bitcoin scaling. In April 2024, the firm raised USD 10.6 million in seed funding led by investor Ribbit Capital, with participation from other investors Castle Island Ventures, Robot Ventures, Geometry Research, Stillmark, Village Global, WillowTree Investments and Axiom Capital Group.

The company engages in the development of ZK-enabled infrastructure on the Bitcoin network. It offers a modular rollup layer on Bitcoin to power applications that support financial inclusion and Bitcoin-based financial systems. Alpen Labs primarily serves developers and partners interested in building an ecosystem on Bitcoin.

The company plans to utilize the April 2024 funding to expand its team of cryptographers and engineers.

## Funding rounds

- Seed, Sep 5, 2024, $7M — Ribbit Capital, Castle Island Ventures, Mirana Ventures, Geometry, DBA, Cyber Fund, Credibly Neutral
- Seed, Jul 10, 2023, $8.2M — Axiom Capital Group, Ribbit Capital, Village Global, Castle Island Ventures, Robot Ventures, Stillmark, Geometry, WillowTree Ventures

## Investors

- Axiom Capital Group (https://capitalatlas.ai/funds/axiom-capital-group) — Seed
- Ribbit Capital (https://capitalatlas.ai/funds/ribbit-capital) — Seed
- Village Global (https://capitalatlas.ai/funds/village-global) — Seed
- Castle Island Ventures (https://capitalatlas.ai/funds/castle-island-ventures) — Seed
- Robot Ventures (https://capitalatlas.ai/funds/robot-ventures) — Seed
- Stillmark (https://capitalatlas.ai/funds/stillmark) — Seed
- Geometry (https://capitalatlas.ai/funds/geometry) — Seed
- WillowTree Ventures — Seed
- Mirana Ventures (https://capitalatlas.ai/funds/mirana-ventures) — Seed
- DBA (https://capitalatlas.ai/funds/dba) — Seed
- Cyber Fund (https://capitalatlas.ai/funds/cyber-fund) — Seed
- Credibly Neutral (https://capitalatlas.ai/funds/credibly-neutral) — Seed