October 17, 2024
Surge, a Bitcoin protocol layer aimed at enhancing the network’s scalability and functionality, has raised $1.8 million in pre-seed funding. This funding will help develop its MetaLayer technology to maximize Bitcoin’s potential as a global currency and innovation platform. The funding round saw participation from VC firms Autonomy, Gerstenbrot Capital, Double Peak Group, Sats Ventures, Vamient Capital, and Samara AG. Notable angel investors also participated, including Coingecko’s co-founders, Bobby Ong and TM Lee, Christian Sullivan of Gunzilla Games, Republic Capital, Movement Labs’ Rushi Manche and 0G Labs’ co-founder, Michael Heinrich.
Project | Latest Raise | Latest Raise Date | Stage | Category |
|---|---|---|---|---|
Surge | $1.8M | October 17, 2024 | Pre-Seed | Bitcoin |
Surge is partnering with Movement Labs to integrate Bitcoin liquidity into Move-based DeFi, allowing developers to work seamlessly between Bitcoin and Move ecosystems. This collaboration aims to expand the network of unified liquidity and users, significantly advancing BTCFi adoption. Surge plans to launch its testnet soon, providing developers with a platform to build on, marking a significant step forward in Bitcoin scalability and application development.
About Surge
Surge is a platform focused on enhancing Bitcoin’s scalability and functionality through customizable rollups. It offers tools and solutions that allow developers to build on Bitcoin, addressing the network’s scalability challenges. Surge’s technology includes a decentralized verifier network and modular rollups, which help improve transaction efficiency and security. The platform also provides a playground with various tools like wallets and bridges to facilitate development within the Bitcoin ecosystem.
Website: https://surge.build/
About Investor
Autonomy, Gerstenbrot Capital, Double Peak Group, Sats Ventures, Vamient Capital, and Samara AG. Notable angel investors also participated, including Coingecko’s co-founders, Bobby Ong and TM Lee, Christian Sullivan of Gunzilla Games, Republic Capital, Movement Labs’ Rushi Manche and 0G Labs’ co-founder, Michael Heinrich.
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