News Explorer — Hemi Labs Raises $15 Million for Bitcoin and Ethereum Layer-2 Network

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Sep 18, 1:00 pm

The Defiant

Hemi Labs Raises $15 Million for Bitcoin and Ethereum Layer-2 Network

Hemi Labs has closed a $15 million funding round led by Breyer Capital and Binance. The company, co-founded by early Bitcoin developer Jeff Garzik, is building Hemi Network, a layer-2 network that supports DeFi applications interacting with both Bitcoin and Ethereum. The funds raised will support the development of the network, which aims to deploy on mainnet in Q4 2024.

Hemi Labs has closed a $15 million funding round led by Breyer Capital and Binance. The company, co-founded by early Bitcoin developer Jeff Garzik, is building Hemi Network, a layer-2 network that supports DeFi applications interacting with both Bitcoin and Ethereum. The funds raised will support the development of the network, which aims to deploy on mainnet in Q4 2024.

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