Jeff Garzik–Backed Hemi Labs Raises $15M to Expand Bitcoin Programmability

Jeff Garzik–Backed Hemi Labs Raises $15M to Expand Bitcoin Programmability

The Jeff Garzik–backed network adds fresh funding as it pushes to merge Bitcoin’s security with Ethereum’s flexibility for DeFi applications.

Hemi Raises $15 Million to Accelerate Bitcoin Programmability Ahead of Token Launch

Hemi, the world’s largest programmability layer on Bitcoin, has closed a $15 million growth round, with participation from YZi Labs (formerly Binance Labs), Republic Digital, HyperChain Capital, Breyer Capital, Big Brain Holdings, Crypto.com, DNA Fund, Selini Capital, Protein Capital, Quantstamp, and Web3.com, amongst others. With over $1.2 billion in total value locked on the network, the funding will fuel further ecosystem growth on Bitcoin.

Hemi secures $15m to advance Bitcoin programmability ahead of TGE

Hemi Bitcoin programmability layer

YZi Labs Co-Leads $15M Funding Round for Bitcoin Programmability Layer Hemi

Quick take: Hemi offers a programmability layer that blends Bitcoin’s security features with Ethereum-style smart contracts. The company plans to use the fresh capital for further ecosystem build-out. The funding brings the total raised by Hemi to $30 million, ahead of its upcoming token generation event. Bitcoin programmability layer, Hemi, has raised $15 million in a funding round co-led by YZi Labs (formerly Binance Labs), Republic Digital, …