Bitcoin Layer 2 Bitlayer raises $9 million Series A extension at $300 million valuation
Powered by @unfolded- Bitlayer Labs has raised $9 million in a Series A extension, maintaining a valuation of $300 million, just three months after its previous $11 million Series A round.
- The funding was led by Polychain Capital and Franklin Templeton, bringing Bitlayer's total funding to $25 million as it prepares to launch its V2 Bitcoin scaling network.
- Bitlayer claims to be the first Bitcoin Layer 2 network based on Bitcoin finality, enhancing security in the Bitcoin ecosystem with its innovative OpVM verification solution.
- The company currently ranks as the top Bitcoin scaling project by total value locked, exceeding $500 million, and plans to launch its V2 mainnet in the fourth quarter of 2023.
https://www.theblock.co/post/320093/bitcoin-layer-2-bitlayer-new-funding-valuation