#Bitcoin infrastructure company Alpen Labs raises $8.5 million in funding#
Hot Topic Overview
Overview
Bitcoin infrastructure company Alpen Labs announced it has closed an $8.5 million strategic funding round led by DBA and Cyber Fund, with prior investors Ribbit Capital, Castle Island Ventures, and Geometry participating. The funds will be used to accelerate the development of Alpen Labs' Bitcoin ZK Rollup project "Strata," which is planned to launch on mainnet in 2025. Strata will function as an open platform aiming to expand and promote the use of Bitcoin, unlocking more utility for the asset, such as simple self-custody, privacy-preserving payments, interoperability, Bitcoin-backed lending, and stablecoins. Alpen Labs also closed a $10.6 million funding round last April led by Ribbit Capital.
Ace Hot Topic Analysis
Analysis
Bitcoin infrastructure company Alpen Labs recently announced the completion of an $8.5 million strategic funding round, co-led by DBA and Cyber Fund, with previous investors Ribbit Capital, Castle Island Ventures, and Geometry continuing to participate. This funding will be used to accelerate the development of its Bitcoin ZK Rollup project, "Strata," which is scheduled to launch on mainnet in 2025. Strata aims to serve as an open platform to expand and facilitate the use of Bitcoin, unlocking more practical features for it, including simple self-custody, intuitive and privacy-preserving payments, interoperability, Bitcoin-backed lending, and stablecoins. Alpen Labs previously closed a $10.6 million funding round in April 2024, led by Ribbit Capital. This recent funding round once again demonstrates investors' confidence in Alpen Labs and its Bitcoin ZK Rollup project, and it also foreshadows the flourishing development of the Bitcoin Layer 2 space.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Alpen Labs is developing a Bitcoin ZK Rollup project called Strata, aiming to scale and facilitate Bitcoin adoption.
Strata will launch as an open platform, unlocking a range of practical use cases for Bitcoin such as simple self-custody, intuitive and privacy-preserving payments, interoperability, Bitcoin-backed lending and stablecoins.
Alpen Labs has raised $8.5 million in strategic funding led by DBA and Cyber Fund, with continued participation from seed round investors Ribbit Capital, Castle Island Ventures, and Geometry.
Alpen Labs plans to launch the Strata mainnet in 2025.