# Mummolin

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

- Industry: Financial Services
- Headquarters: Cheyanne, US
- Total disclosed funding: $6.2M
- Latest round: Seed (May 16, 2023)
- Investors on record: 4

## About

Based in Wyoming, US, Mummolin, Inc. operates as a Bitcoin mining platform that offers non-custodial payouts directly to miners from the block reward. Luke Dashjr (CTO) and Mark Artymko (President) are the co-founders of the company. In November 2023, Mummolin, Inc. raised USD 6.2 million in seed funding co-led by Accomplice, Barefoot Bitcoin Fund, MoonKite, NewLayer Capital, and the Bitcoin Opportunity Fund.

The company provides Ocean, the only non-custodial pool where miners receive fresh block rewards straight from Bitcoin. Ocean's non-custodial payouts directly to miners from the block reward eliminate this issue and the pool's undue influence over miners.

The organization plans to use the November 2023 funding to assist in the Ocean project's start, a Bitcoin decentralization initiative.

## Funding rounds

- Seed, May 16, 2023, $6.2M — Digital Currency Group, Accomplice, New Layer Capital, Barefoot Bitcoin Fund

## Investors

- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Seed
- Accomplice (https://capitalatlas.ai/funds/accomplice) — Seed
- New Layer Capital (https://capitalatlas.ai/funds/new-layer-capital) — Seed
- Barefoot Bitcoin Fund — Seed