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Botanix Labs, a Bitcoin development startup, has successfully raised $11.5 million to fund the development of its layer-2 network, Spiderchain. The funding round included contributions from Polychain Capital, Placeholder Capital, Valor Equity Partners, and other industry-leading investors. Spiderchain aims to provide functionality equivalent to Ethereum's EVM, enhancing the Bitcoin ecosystem.
Bitcoin development startup @BotanixLabs has raised a total of $11.5 million toward building layer-2 network Spiderchain. By @JamieCrawleyCD https://t.co/TSm2TpUFnh
Botanix Labs, the developer of BTC L2 solution Spiderchain, announced the completion of $11.5 million in financing, with participation from Polychain Capital, Placeholder Capital, Valor Equity Partners, ABCDE, etc. The Spiderchain network has equivalent functionality to EVM and…
🚨JUST IN: NEW BITCOIN L2 @BOTANIXLABS RAISES $8.5 MILLION WITH INVESTMENT FROM @POLYCHAIN
