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BounceBit Raises $6 Mn Seed Funding

Singapore-based BounceBit, a BTC staking chain solution has raised $6 Million in Seed Funding round led by Blockchain Capital & Breyer Capital. The round also saw participation from dao5, CMS Holdings, Bankless Ventures, NGC Ventures, Matrixport Ventures, Primitive Ventures, Arcane Group, IDG Capital, Bixin Ventures, Nomad Capital, Geekcartel, DeFiance Capital, General Mining Research, OKX Ventures, Mirana Ventures, HTX Ventures, Mexc Ventures, Bodhi Ventures.

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Additionally, notable angel investors include Nathan from Anchorage Digital, Calvin and Jessy from Eigenlayer, Kevin and Ashwin from Brevan Howard, Smokey from Berachain, George Lambeth, Pranay Mohan, James Parillo, RookieXBT, MacnBTC, Pentoshi and others.

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“Their expertise and support will be instrumental in our mission to build restaking infrastructure to support yield generation for all types of Bitcoin across a variety of networks.” said Jack Lu, Founder & CEO of BounceBit.

“We’re thrilled to lead the seed round for BounceBit as they’re pushing the frontiers of BTC Restaking and yield generation,” said Ted Breyer, Partner at Breyer Capital.

About BounceBit

Founded in 2023, BounceBit, a BTC staking chain solution, is dedicated to establishing a smart contract execution environment centered around the BTC Token, offering users a stable and low gas decentralized network to participate in DeFi, NFT and SocialFi activities.

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