Series A Round

Arch Network has successfully raised $13 million in a Series A funding round led by Pantera Capital, with participation from Multicoin Capital, Portal Ventures, and OKX Ventures. The funding will be utilized to further develop its innovative platform for building bridgeless applications directly on Bitcoin, allowing developers to deploy interoperable smart contracts without the need for a soft fork. This round marks a significant milestone for Arch Network as it prepares to launch a native Bitcoin virtual machine, enhancing the capabilities of Bitcoin for developers and users alike. The funding will also support the expansion of Arch Network's development team and infrastructure. Arch Network is positioned to revolutionize the way applications interact with Bitcoin, creating a more seamless and efficient ecosystem for developers.