Interlay, an interoperability startup focusing on investing, earning and paying with BTC on any blockchain, recently announced its seed capital raise of $3.04 million.
The seed funding round was led by IOSG Ventures, and co-investors including Blockchain.com, Launchub Ventures, CMS Holdings, KR1, Hypersphere, Zeeprime, and angels (Blockchain.com CEO & ex-Bitmain leadership) as other major participants.
This equity financing raise was to accelerate the company’s growth to other blockchains beyond Polkadot, put the company on track of team expansion, and meet strong demand on developing v2 of the bridge technology powering interBTC.
“We are extremely pleased to have the support of top investors from various ecosystems and geographic locations, who believe in our mission to bring Bitcoin to all major blockchains such as Polkadot, Ethereum and Cosmos,” said Alexei Zamyatin, Founder and CEO of Interlay. “Together, we will accelerate the development and adoption of interBTC, Interlay’s flagship product, and allow people to invest, earn and pay with BTC on any blockchain in a…
