# Hermetica Labs

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

- Industry: Financial Services
- Headquarters: US
- Website: https://hermetica.fi/
- Total disclosed funding: $1.7M
- Latest round: Seed (Oct 16, 2024)
- Investors on record: 7

## About

Based in Florida, US, and founded in 2022, Hermetica Labs, Inc. operates as a operates as a financial technology company that offers USDH stablecoins. In October 2024, Hermetica Labs raised USD 1.7 million in seed funding led by UTXO Management, CMS Holdings, LLC, Ethos Fund, Newman Capital, Trust Machines, Kilowatt Capital, and Silvermine Capital Advisors. As of 2024, the company is led by its CEO, Jakob Schillinger.

Hermetica Labs develops and offers a Bitcoin-backed, yield-bearing synthetic dollar called USDh, which is a digital asset designed to mimic the value of the US dollar. The firm’s digital asset operates outside the traditional banking system, offering users the potential to earn significant interest on their holdings. The firm provides a stable, liquid asset that can be easily exchanged for Bitcoin. Through its Bitcoin Ecosystem Users can hold and transact with USDh within the Bitcoin ecosystem, eliminating the need to convert to fiat.

The company plans to utilize the October 2024 funding raised to expand USDH's reach and accessibility, making it available to a wider audience.

## Funding rounds

- Seed, Oct 16, 2024, $1.7M — Kilowatt Capital, CMS Holdings, LLC, UTXO Management, Silvermine Capital Advisors, Ethos Fund, Trust Machines, Newman Capital

## Investors

- Kilowatt Capital — Seed
- CMS Holdings, LLC (https://capitalatlas.ai/funds/cms-holdings-llc) — Seed
- UTXO Management — Seed
- Silvermine Capital Advisors — Seed
- Ethos Fund (https://capitalatlas.ai/funds/ethos-fund) — Seed
- Trust Machines — Seed
- Newman Capital (https://capitalatlas.ai/funds/newman-capital) — Seed