Series A Round
Funding Details
Arch Labs is developing ArchVM, enabling smart contract functionality on Bitcoin. This innovative solution aims to enhance Bitcoin's capabilities by allowing developers to create decentralized applications (dApps) and execute smart contracts directly on the Bitcoin blockchain. The funding will be used to further develop ArchVM and expand the team to accelerate product development and market entry. The company is positioned to revolutionize the Bitcoin ecosystem by bridging the gap between traditional blockchain functionalities and modern decentralized applications. Arch Labs is a core contributor to the Arch Network, which focuses on enhancing Bitcoin's infrastructure. With this funding, Arch Labs aims to solidify its position as a leader in Bitcoin infrastructure and drive the adoption of smart contracts on the Bitcoin network.
Valuation
- Post-money: $200.0M
Confidence Score
Participating Investors
First U.S. institutional asset manager focused exclusively on blockchain technology. Since 2013, Pantera has invested in digital assets and blockchain...
Related Tweets
No tweets found for this funding round.