# Bitlayer

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

- Industry: Software
- Headquarters: Singapore, Singapore
- Website: www.bitlayer.org/
- Total disclosed funding: $25M
- Latest round: Series A (Oct 8, 2024)
- Investors on record: 52

## About

Based in Singapore and founded in 2023 by co-founders Charlie Hu and Kevin He, Bitlayer operates as a provider of a blockchain platform, offering Layer 2 solutions to developers and enterprises for improved security. In May 2024, Bitlayer raised an undisclosed amount of venture funding from OKX Ventures.

The company provides a blockchain platform that offers Layer 2 solutions to builders and customers in the cryptocurrency industry. The platform services include Layer 1 verification, trustless 2-way peg, and Turing-completeness. Moreover, the firm offers solutions such as secure asset bridging, a challenging game for Layer 1 verification without BitVM, and enabling an EVM-compatible environment. Additionally, the firm also provides services such as decentralized applications (dApps) integration, multi-signature wallets, and improved privacy features.

## Funding rounds

- Series A, Oct 8, 2024, $9M — G20 Ventures, Polychain Capital, Selini Capital, SCB Limited
- Series A, Jul 23, 2024, $11M — GSR Ventures, Franklin Templeton, Skyland Ventures, TBV Capital, FalconX Delta, Inc., Stake Capital, FalconX, Wagmi Ventures, ABCDE Capital, Cryptoverse Ventures, Gsr International Limited, Presto Labs Pte. Ltd., Optic Capital, Flow Traders, 280 Capital Ltd, Metalpha, Caladan, TPC, 57Blocks Capital, Jets Capital, Revelo Ventures
- Seed, Mar 27, 2024, $5M — Gate Ventures, Rising Capital, Pragma Ventures, Kenetic Capital, Mindfulness Capital, StarkWare Industries Ltd., Samara Asset Group, Pivot, Capital6 Eagle, Kronos Ventures, DuckDAO, Faculty Group, CSP DAO, Dutch Crypto Investors, Asymmetric, NxGen Capital, Alliance DAO, Rice Park Capital Management, Web3Port, Kestrel0x1, Cogitent Ventures, OKX Ventures, PAKADAO, Comma3 Ventures, UTXO Management, Quotient Ventures, V3V Ventures

## Investors

- Gate Ventures (https://capitalatlas.ai/funds/gate-ventures) — Seed
- Rising Capital (https://capitalatlas.ai/funds/rising-capital) — Seed
- Pragma Ventures (https://capitalatlas.ai/funds/pragma-ventures) — Seed
- Kenetic Capital (https://capitalatlas.ai/funds/kenetic-capital) — Seed
- Mindfulness Capital (https://capitalatlas.ai/funds/mindfulness-capital) — Seed
- StarkWare Industries Ltd. — Seed
- Samara Asset Group — Seed
- Pivot (https://capitalatlas.ai/funds/pivot) — Seed
- Capital6 Eagle (https://capitalatlas.ai/funds/capital6-eagle) — Seed
- Kronos Ventures (https://capitalatlas.ai/funds/kronos-ventures) — Seed
- DuckDAO — Seed
- Faculty Group — Seed
- CSP DAO (https://capitalatlas.ai/funds/csp-dao) — Seed
- Dutch Crypto Investors (https://capitalatlas.ai/funds/dutch-crypto-investors) — Seed
- Asymmetric (https://capitalatlas.ai/funds/asymmetric) — Seed
- NxGen Capital (https://capitalatlas.ai/funds/nxgen-capital) — Seed
- Alliance DAO — Seed
- Rice Park Capital Management (https://capitalatlas.ai/funds/rice-park-capital-management) — Seed
- Web3Port — Seed
- Kestrel0x1 (https://capitalatlas.ai/funds/kestrel0x1) — Seed
- Cogitent Ventures (https://capitalatlas.ai/funds/cogitent-ventures) — Seed
- OKX Ventures (https://capitalatlas.ai/funds/okx-ventures) — Seed
- PAKADAO — Seed
- Comma3 Ventures (https://capitalatlas.ai/funds/comma3-ventures) — Seed
- UTXO Management — Seed
- Quotient Ventures — Seed
- V3V Ventures (https://capitalatlas.ai/funds/v3v-ventures) — Seed
- GSR Ventures (https://capitalatlas.ai/funds/gsr-ventures) — Series A
- Franklin Templeton (https://capitalatlas.ai/funds/franklin-templeton) — Series A
- Skyland Ventures (https://capitalatlas.ai/funds/skyland-ventures) — Series A
- TBV Capital (https://capitalatlas.ai/funds/tbv-capital) — Series A
- FalconX Delta, Inc. — Series A
- Stake Capital (https://capitalatlas.ai/funds/stake-capital) — Series A
- FalconX — Series A
- Wagmi Ventures (https://capitalatlas.ai/funds/wagmi-ventures) — Series A
- ABCDE Capital — Series A
- Cryptoverse Ventures — Series A
- Gsr International Limited — Series A
- Presto Labs Pte. Ltd. — Series A
- Optic Capital (https://capitalatlas.ai/funds/optic-capital) — Series A
- Flow Traders (https://capitalatlas.ai/funds/flow-traders) — Series A
- 280 Capital Ltd — Series A
- Metalpha — Series A
- Caladan — Series A
- TPC — Series A
- 57Blocks Capital — Series A
- Jets Capital — Series A
- Revelo Ventures — Series A
- G20 Ventures (https://capitalatlas.ai/funds/g20-ventures) — Series A
- Polychain Capital (https://capitalatlas.ai/funds/polychain-capital) — Series A
- Selini Capital (https://capitalatlas.ai/funds/selini-capital) — Series A
- SCB Limited — Series A