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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.

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