# Bitlight Labs

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

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.bitlightlabs.com/
- Latest round: Seed (Feb 2, 2024)
- Investors on record: 10

## About

Bitlight Labs, founded in 2023, is based in London, UK. It provides an electronic wallet that facilitates Bitcoin transactions. In February 2024, Bitlight Labs raised an undisclosed amount of seed funding co-led by new investors Gate Ventures and HV Capital, with participation from other new investors MH Ventures, Fundamental Labs, Oak Grove Ventures, Moonrock Capital, Eureka Partners, Waterdrip Capital, Mexc Ventures, XT.com and Bitlight Foundation. Individual investors also participated in the round.

The company offers a decentralized wallet that supports RGB asset transactions. The Bitlight Wallet enables users to create, issue, and transfer RGB assets, which are designed for various applications, including transactions, payments, and DeFi functionalities. The wallet’s integration with the Lightning Network allows for RGB asset transfers and supports a wide range of payment settlements.

The company plans to use the February 2024 funding to advance the growth of the Bitcoin Lightning Network ecosystem.

## Funding rounds

- Seed, Feb 2, 2024 — HV Capital, Gate Ventures, Fundamental labs, Waterdrip Capital, Moonrock Capital, MH Ventures, Oak Grove Ventures, Eureka Partners, Mexc Ventures, XT.com

## Investors

- HV Capital (https://capitalatlas.ai/funds/hv-capital) — Seed
- Gate Ventures (https://capitalatlas.ai/funds/gate-ventures) — Seed
- Fundamental labs — Seed
- Waterdrip Capital (https://capitalatlas.ai/funds/waterdrip-capital) — Seed
- Moonrock Capital (https://capitalatlas.ai/funds/moonrock-capital) — Seed
- MH Ventures (https://capitalatlas.ai/funds/mh-ventures) — Seed
- Oak Grove Ventures — Seed
- Eureka Partners — Seed
- Mexc Ventures (https://capitalatlas.ai/funds/mexc-ventures) — Seed
- XT.com — Seed