# Hemi Labs

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

- Industry: Financial Services
- Headquarters: Tortola, British Virgin Islands
- Website: www.hemi.xyz
- Total disclosed funding: $15M
- Latest round: Seed (Sep 18, 2024)
- Investors on record: 24

## About

Hemi Labs, Inc. is a US-based company specializing in advanced interoperability solutions between Bitcoin and Ethereum networks, facilitating the development of decentralized finance (DeFi) applications and multi-chain organizations.Hemi Labs, Inc. was founded in 2023 and focuses on creating advanced blockchain interoperability solutions. The company was established by Maxwell Sanchez, who has a history of founding other ventures. In August 2025, Hemi Labs, Inc. raised USD 15 million in growth funding co-led by returning investor YZi Labs, Hyperchain Capital and new investor Republic Digital Manager, with participation from other new investors Ethereal Ventures, Hypersphere Ventures and Selini Capital. Returning investors Breyer Capital, Big Brain Holdings, Crypto.com Capital, DNA Capital, Protein Capital, Quantstamp, Inc., Web3.com Ventures, and other unspecified investors also participated in the round. Hemi Labs, Inc. offers a unique suite of products and services centered around facilitating advanced interoperability between Bitcoin and Ethereum networks. Their core offerings include the Hemi Virtual Machine (hVM), which integrates a full Bitcoin node within an Ethereum Virtual Machine (EVM), allowing developers to create Bitcoin-aware smart contracts efficiently. Additionally, the Hemi Bitcoin Kit (hBK) provides tools that enhance the accessibility of Bitcoin interoperability, enabling the development of decentralized finance (DeFi) applications and multi-chain decentralized autonomous organizations (DAOs). The primary use cases addressed by Hemi's products involve improving transaction finality, enhancing asset portability, and enabling secure cross-chain exchanges. The company serves a diverse client base, including developers and enterprises looking to leverage Bitcoin's security for their blockchain applications across global markets such as North America, Europe, and Asia.Hemi Labs generates revenue through transaction fees and partnerships related to its blockchain services. Transactions typically occur when clients utilize the Hemi platform for cross-chain exchanges, develop applications on the hVM, or access Bitcoin-secured DeFi services. The transaction structure may involve developers or businesses subscribing to the Hemi platform for access to its advanced functionalities. While specific pricing plans for individual services are not disclosed, the company's offerings are designed to facilitate low-fee transactions and promote liquidity within the blockchain ecosystem.The company plans to utilize the August 2025 funding to expand the bitcoin ecosystem even further.

## Funding rounds

- Seed, Sep 18, 2024, $15M — BTC, IBG Venture Capital, Breyer Capital, Gate Ventures, Sunflower Capital, DNA Capital, HyperChain Capital, YZi Labs, Cypher Capital, The Alchemy Group, SNZ Capital, Capital6 Eagle, Crypto.com Capital, Salt Ventures, TRGC, Quantstamp, Inc., Impossible Finance, Big Brain Holdings, Web3.com Ventures, S5V, Artichoke Capital, Protein Capital, Kelly Investment Management, MON Ventures

## Investors

- BTC — Seed
- IBG Venture Capital (https://capitalatlas.ai/funds/ibg-venture-capital) — Seed
- Breyer Capital (https://capitalatlas.ai/funds/breyer-capital) — Seed
- Gate Ventures (https://capitalatlas.ai/funds/gate-ventures) — Seed
- Sunflower Capital (https://capitalatlas.ai/funds/sunflower-capital) — Seed
- DNA Capital — Seed
- HyperChain Capital — Seed
- YZi Labs (https://capitalatlas.ai/funds/yzi-labs) — Seed
- Cypher Capital (https://capitalatlas.ai/funds/cypher-capital) — Seed
- The Alchemy Group (https://capitalatlas.ai/funds/the-alchemy-group) — Seed
- SNZ Capital (https://capitalatlas.ai/funds/snz-capital) — Seed
- Capital6 Eagle (https://capitalatlas.ai/funds/capital6-eagle) — Seed
- Crypto.com Capital (https://capitalatlas.ai/funds/crypto-com-capital) — Seed
- Salt Ventures — Seed
- TRGC (https://capitalatlas.ai/funds/trgc) — Seed
- Quantstamp, Inc. — Seed
- Impossible Finance — Seed
- Big Brain Holdings (https://capitalatlas.ai/funds/big-brain-holdings) — Seed
- Web3.com Ventures (https://capitalatlas.ai/funds/web3-com-ventures) — Seed
- S5V (https://capitalatlas.ai/funds/s5v) — Seed
- Artichoke Capital (https://capitalatlas.ai/funds/artichoke-capital) — Seed
- Protein Capital (https://capitalatlas.ai/funds/protein-capital) — Seed
- Kelly Investment Management (https://capitalatlas.ai/funds/kelly-investment-management) — Seed
- MON Ventures — Seed