# BabylonChain

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/babylonchain

- Industry: Software
- Headquarters: Palo Alto, US
- Website: www.babylonchain.io
- Total disclosed funding: $18M
- Latest round: Series A (Dec 7, 2023)
- Investors on record: 15

## About

Based in California, US, and founded in 2022, BabylonChain, Inc., also known as Babylon, operates as a venture capital-backed blockchain project. The company was founded by David Tse, who works as a Professor at Stanford University. In May 2024, BabylonChain, Inc. raised USD 70 million in venture funding led by new investor Paradigm, with participation from other new investors Bullish Capital, Hashkey Capital, Mantle, Galaxy, ViaBTC Capital, Amber Capital, and HTX Ventures. Returning investors Polychain Capital, Hack VC, and other unspecified investors also participated in the round.

The company runs Babylon, a blockchain platform that provides security for proof-of-stake protocols-based cryptocurrencies like Bitcoin by offering a proof-of-work chain that incorporates data-available timestamping, block checkpoints, fraud-proof issuance, and censored transactions to reduce security risks without any extra energy cost. 

BabylonChain, Inc. will use its May 2024 funding to accelerate its bitcoin staking platform.

## Funding rounds

- Series A, Dec 7, 2023, $18M — Breyer Capital, Polychain Capital, Hack VC, Castle Island Ventures, Framework Ventures, IOSG Ventures, Finality Capital Partners, Symbolic Capital, OKX Ventures, Polygon Ventures
- Seed, Jan 1, 2022 — Frontiers Capital, IDG Capital, DHVC, Breyer Capital, Alumni Ventures Group, Continue Capital

## Investors

- Frontiers Capital — Seed
- IDG Capital (https://capitalatlas.ai/funds/idg-capital) — Seed
- DHVC (https://capitalatlas.ai/funds/dhvc) — Seed
- Breyer Capital (https://capitalatlas.ai/funds/breyer-capital) — Seed, Series A
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Seed
- Continue Capital (https://capitalatlas.ai/funds/continue-capital) — Seed
- Polychain Capital (https://capitalatlas.ai/funds/polychain-capital) — Series A
- Hack VC (https://capitalatlas.ai/funds/hack-vc) — Series A
- Castle Island Ventures (https://capitalatlas.ai/funds/castle-island-ventures) — Series A
- Framework Ventures (https://capitalatlas.ai/funds/framework-ventures) — Series A
- IOSG Ventures (https://capitalatlas.ai/funds/iosg-ventures) — Series A
- Finality Capital Partners (https://capitalatlas.ai/funds/finality-capital-partners) — Series A
- Symbolic Capital (https://capitalatlas.ai/funds/symbolic-capital) — Series A
- OKX Ventures (https://capitalatlas.ai/funds/okx-ventures) — Series A
- Polygon Ventures — Series A