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Bima Labs, the developer behind the Bitcoin-backed stablecoin USBD, has successfully raised $2.25 million in a seed funding round. The round was led by Portal Ventures, with participation from Draper Goren Blockchain, Luxor Technology, Sats Ventures, Tim Draper, Alon Goren, and others. The funding round was structured as equity with token warrants. Siddarth Sridhar, the founder and CEO of Bima Labs, announced the raise and highlighted the company's vision for USBD as a universal omni-chain stablecoin on Bitcoin.
$BTC test follow up... https://t.co/VwQBaA2N1G https://t.co/6OnZ0ummT6
BIMA LABS SECURES $2.25M FOR BITCOIN-BACKED STABLECOIN USBD The round was led by Portal Ventures and other participants included Draper Goren Blockchain and Luxor Technology. Founder and CEO Siddarth Sridhar revealed the funding round, structured as equity with token warrants,… https://t.co/aw5cQjRmPq
BIMA LABS RAISES $2.25M TO LAUNCH BITCOIN-BACKED STABLECOIN Bima Labs, the team behind the Bitcoin-backed stablecoin USBD, just raised $2.25 million in seed funding. Portal Ventures led the round, joined by Draper Goren Blockchain, Sats Ventures, and more. USBD, currently on… https://t.co/Vk4vzvZCBc
