The startup Hemi, which is developing a modular network based on Bitcoin and Ethereum, has announced the securing of $15 million in investments ahead of the launch of its own token. Following this, the total funding amount for the company has reached $30 million.
This is reported by Finway
Key Investors and Project Features
The latest investment round was led by YZi Labs (formerly known as Binance Labs), Republic Digital, and HyperChain Capital. They were joined by market participants such as Breyer Capital, Big Brain Holdings, Crypto.com, DNA Fund, Selini Capital, Protein Capital, Quantstamp, and Web3.com.
Hemi positions itself as a “layer of programmability” for Bitcoin and offers developers tools similar to those in the Ethereum ecosystem, while maintaining the high level of security of the Bitcoin network. The architectural foundation of the platform is the Hemi Virtual Machine (hVM), which provides flexibility for working with decentralized financial instruments.
Community and Partnership Growth
According to the company, the number of verified users in the Hemi network exceeds 100,000, and the community comprises over 400,000 participants. Partnerships have already been established with more than 70 projects, including Sushi, LayerZero, MetaMask, and Redstone.
Hemi Labs co-founder and former Bitcoin Core developer Jeff Garzik stated that “Bitcoin does not need to be reinvented — it just needs the right tools.”
The solutions from Hemi enable the creation, combination, and implementation of DeFi tools directly on the Bitcoin base, opening up new opportunities for the development of decentralized finance within this network.