Hemi Labs has secures $15 million investment round to develop and launch the Hemi Network (“Hemi”). Hemi is a modular blockchain network built on Bitcoin and Ethereum, designed to deliver superior scaling, security, and interoperability.
Binance Labs, Breyer Capital, and Big Brain Holdings led the investment round.
Binance Labs continues to showcase its commitment to supporting dedicated teams building technical innovations that have the potential to propel the growth of the crypto industry.
Breyer Capital was an early investor in Facebook, Circle, and Spotify. Big Brain Holdings is a leading Web3 fund with investments in Solana, The Graph, and Arweave.
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The round included participation from Crypto.com, Web3 Ventures, HyperChain Capital, Alchemy, SALT Fund, Kelly Investments, Sunflower Capital, DNA Fund, Gate Ventures, Quantstamp, TRGC, BTC INC, Artichoke Capital, Cypher Capital, SNZ Holding, C6E, IBG Capital, Protein Capital, MON Ventures, SV5, Impossible Finance, Jihan Wu (Bitdeer), George Burke (Portal), Sonny Singh (Beluga), amongst others.
It is a modular blockchain network designed for superior scaling, security, and interoperability, unifying Bitcoin and Ethereum as components of a single supernetwork.
It was founded by renowned early Bitcoin developer Jeff Garzik, and blockchain security pioneer Max Sanchez.
Alex Odagiu, Investment Director at Binance Labs said, “We look forward to supporting Hemi Labs as they work on important infrastructure that connects Bitcoin and Ethereum in a modular and scalable way. Hemi’s approach aligns with our commitment to backing projects that are focused on building practical, decentralized solutions with long-term potential,”.
Ted Breyer at Breyer Capital said, “The Hemi team has a clear and compelling vision for unlocking the programmability, portability, and potential of Web3. With a distinguished track record, they are uniquely positioned to deliver,”.
Sam Kim at Big Brain Holdings said, “Hemi is transforming how Bitcoin and Ethereum interact, and not merely providing a bridge between the two largest networks in the blockchain ecosystem, but a supernetwork that most elegantly marries the capabilities of both,”.
Jeff Garzik, an early Bitcoin developer and co-founder of Hemi Labs said, “The excitement for what we are building is reflected in the quality and enthusiasm of our investors and ecosystem partners,” “They understand the uniqueness and value of Hemi’s approach to scaling and integrating the two leading blockchain networks, adding to the phenomenal growth and energy in this particular area.”
About Hemi
The Hemi Network (“Hemi”) is a modular blockchain powered by Bitcoin and Ethereum that provides superior scaling, security, and interoperability. It views Bitcoin and Ethereum as components of a broader supernetwork, unlocking new levels of programmability, portability, and potential.
