Interlay
Latest round
- Seed
Last raised
- Jun 2021
Total raised
- $3M
Investors
- 7
About Interlay
Interlay Ltd, founded in 2019 in London, UK, is focused on providing DeFi solutions for Bitcoin holders. The CEO and co-founder Alexei Zamyatin have a history in the tech industry, contributing to the company's strategic direction. Interlay primarily offers a suite of decentralized finance (DeFi) solutions aimed at Bitcoin (BTC) holders, enabling them to unlock the value of their assets while maintaining control of their private keys. The core product is the Interlay Vault, which allows users to lock their BTC and receive an equivalent amount of iBTC at a 1:1 ratio. This token can be utilized across multiple blockchains, facilitating lending, borrowing, and trading activities. Geographically, Interlay serves a global market, focusing on regions with rising cryptocurrency adoption, such as North America, Europe, and parts of Asia. Interlay generates revenue through transaction fees associated with its DeFi activities, primarily from the volume of trades and loans facilitated on its platform. Users engage in various transactions such as swapping BTC for iBTC or utilizing their BTC as collateral to borrow other assets, each incurring a fee that contributes to the company’s revenue stream. Additionally, operators of Vaults can earn fees based on the volume of BTC processed through their services, diversifying the revenue sources while maintaining a direct-to-consumer model in a decentralized environment. Interlay is expanding its cross-chain capabilities, launching BTC staking, and rolling out structured financial products like Bitcoin-backed stablecoins. It’s also enhancing DAO governance and incentivizing developers to build on its platform through grants and integrations.
Who invested in Interlay
7 investors across 1 round
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Funding rounds
Seed
Jun 24, 2021
Amount
$3M
Investors
Questions about Interlay
Who invested in Interlay?
Interlay has 7 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 Interlay raised?
Interlay has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Interlay last raise money?
Interlay's most recent round on record is a Seed, in Jun 2021.
What does Interlay do?
Interlay Ltd, founded in 2019 in London, UK, is focused on providing DeFi solutions for Bitcoin holders.
Where is Interlay headquartered?
Interlay is headquartered in London, UK.
Which VCs invest in companies like Interlay?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Balderton Capital and Sofinnova Partners back software companies at Interlay's stage. Their profiles are linked below.
VCs backing software startups at Seed
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