Fundz

Hemi Labs raised $15 million in a funding round to develop the Hemi Network, a modular blockchain infrastructure connecting Bitcoin and Ethereum.

PRIVATESep 18, 2024

Amount Raised

$15 Million

Round Type

Funding Round

ChicagoInformation TechnologyBlockchainCryptocurrency

Investors

Hyper Chain CapitalBig Brain HoldingsBreyer CapitalBinance Labs

Description

Hemi Labs has secured $15 million to develop the Hemi Network, aimed at improving scalability and interoperability between Bitcoin and Ethereum. The Hemi incentivized testnet is now live, with a mainnet launch expected in Q4 2024.

Quick answer

Hemi raised $15 Million in a Funding Round round, dated September 18, 2024. Investors: Hyper Chain Capital, Big Brain Holdings, Breyer Capital and Binance Labs. Hemi is based in Chicago, Illinois, United States.

How much did Hemi raise?
Hemi raised $15 Million in a Funding Round round on September 18, 2024.
Who invested in Hemi?
Hyper Chain Capital, Big Brain Holdings, Breyer Capital and Binance Labs are named as investors in this round.
What does Hemi do?
Hemi makes Bitcoin programmable, yield-generating, and composable – unlocking the next wave of Bitcoin-based decentralized finance.
Where is Hemi based and how big is it?
Hemi is based in Chicago, Illinois, United States.
Who are the decision-makers at Hemi?
Fundz holds 3 contacts at Hemi. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Blockchain and Cryptocurrency around the same time

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

  • Citrea raised $14M (Series A) on October 31, 2024.
  • Reflexivity raised $30M (Series B) on October 28, 2024.
  • Borderless.xyz raised $3M (Pre-Seed) on October 23, 2024.
  • Variational raised $10M (Seed) on October 23, 2024.
  • Azura raised $6.9M (Seed) on October 22, 2024.
  • Monark Markets raised $2.2M (Seed) on October 22, 2024.

Who to call at Hemi, and when

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

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

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Company Information

Company

Hemi

Location

Chicago, Illinois, United States

About

Hemi makes Bitcoin programmable, yield-generating, and composable – unlocking the next wave of Bitcoin-based decentralized finance. Built on the combined strengths of Bitcoin and Ethereum, Hemi is a modular protocol engineered for performance, security, and programmability. Hemi was co-founded by Jeff Garzik, a former Bitcoin core developer; Maxwell Sanchez, inventor of the Proof-of-Proof consensus protocol; and crypto pioneer and investor Matthew Roszak. Hemi is backed by leading investors including YZi Labs (formerly Binance Labs), Breyer Capital, Big Brain Holdings, Republic Digital, Crypto.com, and HyperChain Capital.

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Fundz sees it the moment Hemi raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

3 contacts
Predictive Intelligence
Strategic

ML-powered predictions for Hemi's next move

See what Strategic adds

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

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.