# BounceBit

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

- Industry: Financial Services
- Headquarters: Singapore, Singapore
- Website: www.bouncebit.io/
- Total disclosed funding: $6M
- Latest round: Seed (Feb 28, 2024)
- Investors on record: 19

## About

Based in Singapore and founded in 2023 by Chief Executive Officer Jack Lu, Bounce Tech Pte. Ltd., doing business as BounceBit, operates as a financial technology-based company developing bitcoin restaking protocol infrastructure that serves as the basis for many restaking products. In February 2023, BounceBit raised USD 6 million in seed funding, co-led by Blockchain Capital and Breyer Capital, with participation from Dao5, CMS Holdings, Bankless Ventures, NGC Ventures, Mexc Ventures, and Bodhi Ventures.

Bounce Tech Pte. Ltd. developed the BTC restaking chain, which is a network secured by staking both Bitcoin and bounce bit tokens. The company offers DeFi and CeFi yield mechanisms for BTC holders to earn yields through native validator staking and the DeFi ecosystem. In addition, the firm provides a dual-token staking system that combines native BTC security with full Ethereum Virtual Machine (EVM) compatibility.

## Funding rounds

- Seed, Feb 28, 2024, $6M — IDG Capital, Breyer Capital, Blockchain Capital, NGC Ventures, CMS Holdings, LLC, Bixin Ventures, DeFiance Capital, General Mining Research, Primitive Ventures, Mirana Ventures, Arcane Group, dao5, OKX Ventures, Nomad Capital, Bankless Ventures, Matrixport Ventures, GeekCartel, Bodhi Ventures, HTX Ventures

## Investors

- IDG Capital (https://capitalatlas.ai/funds/idg-capital) — Seed
- Breyer Capital (https://capitalatlas.ai/funds/breyer-capital) — Seed
- Blockchain Capital (https://capitalatlas.ai/funds/blockchain-capital) — Seed
- NGC Ventures (https://capitalatlas.ai/funds/ngc-ventures) — Seed
- CMS Holdings, LLC (https://capitalatlas.ai/funds/cms-holdings-llc) — Seed
- Bixin Ventures (https://capitalatlas.ai/funds/bixin-ventures) — Seed
- DeFiance Capital — Seed
- General Mining Research — Seed
- Primitive Ventures (https://capitalatlas.ai/funds/primitive-ventures) — Seed
- Mirana Ventures (https://capitalatlas.ai/funds/mirana-ventures) — Seed
- Arcane Group (https://capitalatlas.ai/funds/arcane-group) — Seed
- dao5 (https://capitalatlas.ai/funds/dao5) — Seed
- OKX Ventures (https://capitalatlas.ai/funds/okx-ventures) — Seed
- Nomad Capital — Seed
- Bankless Ventures (https://capitalatlas.ai/funds/bankless-ventures) — Seed
- Matrixport Ventures (https://capitalatlas.ai/funds/matrixport-ventures) — Seed
- GeekCartel (https://capitalatlas.ai/funds/geekcartel) — Seed
- Bodhi Ventures (https://capitalatlas.ai/funds/bodhi-ventures) — Seed
- HTX Ventures (https://capitalatlas.ai/funds/htx-ventures) — Seed