Bitcoin restaking protocol BounceBit raises $6 million in seed funding; already boasts over $540 million in TVL
Feb 28, 2024•almost 2 years ago
Amount Raised
$6 Million
Round Type
seed
SingaporeCryptocurrencyBlockchainInvestors
Calvin LiuAshwin AiyappanNathan Mc CauleyHtx VenturesOkx VenturesDe Fiance CapitalMatrixport VenturesNgc VenturesBankless VenturesCms HoldingsBreyer CapitalBlockchain Capital
Description
BounceBit, a Bitcoin restaking protocol under development, has raised $6 million in a seed funding round co-led by Blockchain Capital and Breyer Capital. The seed round also included investments from CMS Holdings, Bankless Ventures, NGC Ventures, Matrixport Ventures, DeFiance Capital, OKX Ventures, and HTX Ventures, as well as angel investors such as Nathan McCauley, Ashwin Aiyappan, and Calvin Liu.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers