Function
Latest round
- Seed
Last raised
- Jul 2025
Total raised
- $10M
Investors
- 3
About Function
Based in the US, Function facilitates online transactions by transforming Bitcoin into a productive asset through innovative decentralized finance (DeFi) solutions. Function specializes in enhancing Bitcoin's utility within decentralized finance. Function’s core product, ƒ(BTC), offers a transformative approach to utilizing Bitcoin as a productive asset within decentralized finance (DeFi). This financial instrument allows users to convert Bitcoin into FBTC through a secure minting and burning process involving a multi-signature, MPC-based system. FBTC enhances Bitcoin’s utility beyond mere holding, enabling staking, collateral use, and deployment into DeFi vaults for yield generation. The solution targets institutional clients and individuals across regions with significant DeFi adoption, including North America, Europe, and parts of Asia. Function generates revenue through transaction fees linked to the minting and burning of FBTC, as well as through deep integrations within DeFi ecosystems that utilize FBTC for yield generation and collateral purposes. Revenue is generated primarily from transaction fees and potential partnership agreements with platforms integrating FBTC. The company plans to introduce additional DeFi products to enhance the functionality of FBTC and intends to expand into new geographic regions, focusing on markets experiencing rapid growth in DeFi adoption.
Who invested in Function
3 investors across 1 round
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Funding rounds
Seed
Jul 15, 2025
Amount
$10M
Investors
Questions about Function
Who invested in Function?
Function has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Function raised?
Function has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Function last raise money?
Function's most recent round on record is a Seed, in Jul 2025.
What does Function do?
Based in the US, Function facilitates online transactions by transforming Bitcoin into a productive asset through innovative decentralized finance (DeFi) solutions.
Where is Function headquartered?
Function is headquartered in New York, US.
Which VCs invest in companies like Function?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at Function's stage. Their profiles are linked below.
VCs backing financial services startups at Seed
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