About Bitlayer
Bitlayer is a company based in Singapore (Singapore) founded in 2012 by Kevin He.. Bitlayer has raised $25 million across 3 funding rounds from investors including FalconX, StarkWare and OKX. Bitlayer offers products and services including Bitlayer Network, DApp Center, and Airdrop Events. Bitlayer operates in a competitive market with competitors including Solana, Ankr, Immutable, Mysten Labs and O(1) Labs, among others.
- Headquarter Singapore, Singapore
- Founders Kevin He
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Sectors
TechnologyFinancial Services
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$25 M (USD)
in 3 rounds
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Latest Funding Round
$9 M (USD), Series A
Oct 08, 2024
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Investors
FalconX
& 26 more
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Employee Count
Employee Count
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Products & Services of Bitlayer
Bitlayer offers a comprehensive portfolio of products and services, including Bitlayer Network, DApp Center, and Airdrop Events. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Layer 2 solution for verifying Bitcoin DeFi states securely.
Hub for decentralized apps and rewards on Bitlayer platform.
Events offering bonuses and points for user participation.
Funding Insights of Bitlayer
Bitlayer has successfully raised a total of $25M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $9 million completed in October 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $9.0M
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First Round
First Round
(27 Mar 2024)
- Investors Count 27
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series A - Bitlayer | Valuation | Polychain , Franklin Templeton Investments | |
| Jul, 2024 | Amount | Series A - Bitlayer | Valuation | Franklin Templeton Investments , ABCDE | |
| Mar, 2024 | Amount | Seed - Bitlayer | Valuation | Framework Ventures , ABCDE |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Bitlayer
Bitlayer has secured backing from 27 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include FalconX, StarkWare and OKX. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital fund investment in early-stage startups
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Founded Year | Domain | Location | |
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Investments are made in transformational technology founders by ABCDE.
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Founded Year | Domain | Location | |
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Blockchain startups are funded by Framework Ventures venture capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Bitlayer
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Bitlayer
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bitlayer Comparisons
Competitors of Bitlayer
Bitlayer operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Solana, Ankr, Immutable, Mysten Labs and O(1) Labs, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Blockchain infrastructure for transactions and counting is provided by Solana.
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| domain | founded_year | HQ Location |
Web3-native infrastructure for blockchain development and decentralization is provided.
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| domain | founded_year | HQ Location |
Blockchain infrastructure for NFT games and applications is developed.
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| domain | founded_year | HQ Location |
Web3 infrastructure solutions are offered via a blockchain platform.
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| domain | founded_year | HQ Location |
Provider of a blockchain network
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| domain | founded_year | HQ Location |
Blockchain infrastructure is offered for financial application development.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bitlayer
Frequently Asked Questions about Bitlayer
When was Bitlayer founded?
Bitlayer was founded in 2012 and raised its 1st funding round 12 years after it was founded.
Where is Bitlayer located?
Bitlayer is headquartered in Singapore, Singapore.
Is Bitlayer a funded company?
Bitlayer is a funded company, having raised a total of $25M across 3 funding rounds to date. The company's 1st funding round was a Seed of $5M, raised on Mar 27, 2024.
What does Bitlayer do?
Bitlayer was founded in 2012 in Singapore and operates within the blockchain sector. Solutions for layer one verification and trustless multisig models are provided, along with bidirectional asset flows enabled by the DLC and BitVM protocols. Various virtual machines, including EVM, SolanaVM, and MoveVM, are integrated to facilitate diverse state transition expressions in a Bitcoin-based environment.
Who are the top competitors of Bitlayer?
Bitlayer's top competitors include Mysten Labs, Immutable and Solana.
What products or services does Bitlayer offer?
Bitlayer offers Bitlayer Network, DApp Center, and Airdrop Events.
Who are Bitlayer's investors?
Bitlayer has 27 investors. Key investors include FalconX, StarkWare, OKX, Franklin Templeton, and Polychain.