Hermetica raised $1.7 million in a seed funding round led by UTXO Management to drive the growth of USDh, a Bitcoin-backed synthetic dollar.
Amount Raised
$1.7 Million
Round Type
Seed
Panama CityFinancial ServicesFintechBlockchainCryptocurrencyInvestors
Description
Hermetica has secured $1.7 million in seed funding, led by UTXO Management, with participation from notable investors. The funding will be used to expand USDh, the first Bitcoin-backed, yield-generating synthetic dollar, and tap into the growing stablecoin market.
Quick answer
Hermetica raised $1.7 Million in a Seed round, dated October 16, 2024. Investors: Matt Maduno, Mithil Thakore, Robin Obermaier, Ethos Fund, CMS Holdings, Trust Machines Spv, Newman Capital and Silvermine. Hermetica is based in Panama City, Panamá Province, Panama.
- How much did Hermetica raise?
- Hermetica raised $1.7 Million in a Seed round on October 16, 2024.
- Who invested in Hermetica?
- Matt Maduno, Mithil Thakore, Robin Obermaier, Ethos Fund, CMS Holdings, Trust Machines Spv, Newman Capital and Silvermine are named as investors in this round.
- What does Hermetica do?
- Hermetica is the platform behind USDh, the first Bitcoin-backed, yield-generating synthetic dollar.
- Where is Hermetica based and how big is it?
- Hermetica is based in Panama City, Panamá Province, Panama. Fundz records about 2 employees.
- Who are the decision-makers at Hermetica?
- Fundz holds 1 contact at Hermetica. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Fintech around the same time
Companies in the same sectors as Hermetica that raised within 45 days of this round, from Fundz verified event records.
- Bleap raised $2.3M (Pre-Seed) on November 28, 2024.
- Partior raised $80M (Series B) on November 27, 2024.
- OpenTrade raised $4M (Seed) on November 27, 2024.
- Borderless.xyz raised $3M (Pre-Seed) on October 23, 2024.
- True Markets raised $9M (Seed) on September 18, 2024.
- Yellow Network raised $10M (Seed) on September 17, 2024.
Who to call at Hermetica, and when
A new round usually means Hermetica is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Hermetica raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Hermetica, from your own LinkedIn network
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Related People
Hermetica 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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