Oyl raised $3 million in a pre-seed funding round led by Arca to support the launch of its bitcoin wallet app and developer tools.
Amount Raised
$3 Million
Round Type
Pre-Seed
BrooklynFinancial ServicesFintechBlockchainCryptocurrencyInvestors
Description
Pioneering bitcoin wallet company Oyl has secured a $3 million pre-seed investment from a variety of investors, including UTXO Management and Domo, the creator of the BRC-20 token standard. The investment marks a noteworthy shift in cryptocurrency investment trends, with several Ethereum NFT funds making their first foray into a bitcoin-centric business.
Quick answer
Oyl raised $3 Million in a Pre-Seed round, dated March 7, 2024. Investors: Maelstrom, Flamingo Dao, Kanosei, UTXO Management, Domo, Foresight Ventures, Taproot Wizards Ceo Udi Wertheimer and Arca. Oyl is based in Brooklyn, New York, United States.
- How much did Oyl raise?
- Oyl raised $3 Million in a Pre-Seed round on March 7, 2024.
- Who invested in Oyl?
- Maelstrom, Flamingo Dao, Kanosei, UTXO Management, Domo, Foresight Ventures, Taproot Wizards Ceo Udi Wertheimer and Arca are named as investors in this round.
- What does Oyl do?
- Oyl is a Bitcoin OS and ordinals wallet built to enable a sustainable and trustless economy on Bitcoin.
- Where is Oyl based and how big is it?
- Oyl is based in Brooklyn, New York, United States.
- Who are the decision-makers at Oyl?
- Fundz holds 1 contact at Oyl. 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 Oyl that raised within 45 days of this round, from Fundz verified event records.
- OpenTrade raised $3.2M (Seed) on April 15, 2024.
- PrismaStake raised $6M (Seed) on April 2, 2024.
- Keyring Network raised $6M (Seed) on March 19, 2024.
- Oobit raised $25M (Series A) on February 16, 2024.
- Architect raised $12M on February 14, 2024.
- Oobit raised $25M (Series A) on February 5, 2024.
Who to call at Oyl, and when
A new round usually means Oyl is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Oyl raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Oyl, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Oyl. With Fundz connected, it knows.
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Fundz sees it the moment Oyl raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Oyl 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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