October 29, 2024
PumpBTC has successfully completed a $10 million seed funding round, spearheaded by SevenX Ventures and Mirana. This milestone in the company's growth journey comes amid a dynamic landscape for blockchain and cryptocurrency startups. The seed round also saw participation from notable investors, including UTXO Management, the 0xMantle Ecosystem Fund, Seven Seas Capital, Istari Ventures, Arcane Group, Coin Summer Labs, Sharding Capital, and 10K Ventures. Additionally, several angel investors from Quantstamp, Veda Labs, Wrapped BTC, Stepno, BuildOnCyber, SynFutures DeFi, Superteam, and Redstone DeFi contributed to the funding effort.
Founded to address the growing demand for advanced financial solutions in the crypto space, PumpBTC is focusing on developing liquid staking solutions that will enhance user engagement and capitalize on yield opportunities for Bitcoin holders. This funding will facilitate the upcoming launch of BTCfi AI, a BTC CeDeFi Yield Vault platform designed to streamline yield opportunities and provide innovative financial products to its users.
About PumpBTC
PumpBTC is at the forefront of creating liquid staking solutions within the cryptocurrency ecosystem. The company is committed to enhancing the user experience for Bitcoin holders by offering streamlined access to yield opportunities through its innovative platform. The upcoming BTCfi AI will play a crucial role in this mission, empowering users to maximize their returns in a rapidly evolving financial landscape.
Website: PumpBTC
X: @Pumpbtcxyz
About Investor
SevenX Ventures
SevenX Ventures is a venture capital firm, specializing in early-stage investments across the blockchain and cryptocurrency sectors. The firm is known for its strategic investments in innovative companies that drive the next wave of technological advancements in the blockchain space.
Location: Singapore, Singapore
Website: https://www.7xvc.com/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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