Hemi Labs Raises $15M in Investment
Hemi Labs, the team co-founded by legendary Bitcoin developer Jeff Garzik, has raised $15 million in investment to develop and launch Hemi Network, a layer-2 blockchain that has been built on both Bitcoin and Ethereum. The investment round was led by Binance Labs, Breyer Capital and Big Brain Holdings.
Hemi Network Testnet and Mainnet Launch
The Hemi Network testnet is now live, with a mainnet launch planned for the fourth quarter. Hemi is a single blockchain that is both a Bitcoin and Ethereum layer 2, claiming to combine the security qualities of Bitcoin and the liquidity and programmability of Ethereum.
Participating Investors in Hemi Labs Round
The round also included participation from Crypto.com, Web3 Ventures, HyperChain Capital, Alchemy, SALT Fund, Kelly Investments, Sunflower Capital, DNA Fund, Gate Ventures, Quantstamp, TRGC, BTC INC, Artichoke Capital, Cypher Capital, SNZ Holding, C6E, IBG Capital, Protein Capital, MON Ventures, SV5, Impossible Finance, Jihan Wu, George Burke and Sonny Singh.
The information provided in this article is for informational and educational purposes only, based on news and sources gathered from the internet. This content should not be considered as investment advice, financial guidance, or a suggestion to buy or sell any digital assets. Before making any financial decisions, we recommend consulting with a professional financial advisor and conducting your own research. The author and the blog are not responsible for any losses or damages that may arise from using this content.
Comments