Fundz

BEVM raised tens of million USD in a funding that included seed and part of Series A round with a valuation reaching $200m, led by Gavin Guo, Core Builder, to accelerate international development and roll-out.

PRIVATEMar 29, 2024

Round Type

Series A

SingaporeBlockchainCryptocurrency

Investors

Time Tells7 UpdaoLotus CapitalZephyrus CapitalElectrum CapitalMapleblockMH VenturesCogitent VenturesWeb3portSatoshi LabVia Btc CapitalArkstream CapitalWaterdrip CapitalRock Tree Capital

Description

BEVM, a Singapore-based Bitcoin Layer2 project, completed its seed round and part of its Series A round, raising tens of million USD from 20+ investors including RockTree Capital, Waterdrip Capital, Arkstream Capital, and others. The Series A valuation reached $200m, aiming to accelerate international development and roll-out.

Quick answer

BEVM raised an undisclosed amount in a Series A round, dated March 29, 2024. Investors: Time Tells, 7 Updao, Lotus Capital, Zephyrus Capital, Electrum Capital, Mapleblock, MH Ventures and Cogitent Ventures. BEVM is based in Singapore.

How much did BEVM raise?
BEVM raised an undisclosed amount in a Series A round on March 29, 2024.
Who invested in BEVM?
Time Tells, 7 Updao, Lotus Capital, Zephyrus Capital, Electrum Capital, Mapleblock, MH Ventures and Cogitent Ventures are named as investors in this round.
What does BEVM do?
BEVM is a Singapore-based Bitcoin Layer2 project, with the primary vision of building a decentralized Bitcoin Layer2 compatible with EVM to increase Bitcoin usage and commercial scenarios.
Where is BEVM based and how big is it?
BEVM is based in Singapore.

Source: Fundz verified event record.

Who else raised in Blockchain and Cryptocurrency around the same time

Companies in the same sectors as BEVM that raised within 45 days of this round, from Fundz verified event records.

  • Arch Network raised an undisclosed amount (Seed) on May 10, 2024.
  • Arbelos Markets raised $28M (Seed) on May 8, 2024.
  • Volta raised $4.1M (Seed) on May 3, 2024.
  • VALR raised $50M (Series B) on May 2, 2024.
  • X10 raised $6.5M (Seed) on April 30, 2024.
  • Wisdomise raised $9.5M (Funding Round) on April 30, 2024.

Who to call at BEVM, and when

A new round usually means BEVM is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day BEVM raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at BEVM, from your own LinkedIn network

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Company Information

Company

BEVM

Location

Singapore

About

BEVM is a Singapore-based Bitcoin Layer2 project, with the primary vision of building a decentralized Bitcoin Layer2 compatible with EVM to increase Bitcoin usage and commercial scenarios.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

BEVM raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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