Hemi has closed a $15 million growth round led by YZi Labs (formerly Binance Labs), Republic Digital and HyperChain Capital, bringing total project funding to $30 million as the company positions itself as an infrastructure layer for Bitcoin programmability within EVM-compatible decentralized finance.
Hemi Raises $15M to Power Bitcoin DeFi Programmability
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The startup says its Hemi Virtual Machine embeds a full Bitcoin node inside an Ethereum Virtual Machine to combine Bitcoin’s security with Ethereum-style smart-contract flexibility, enabling applications for earning, borrowing and trading on Bitcoin. The company reports more than $1.2 billion in total value locked, over 70 ecosystem integrations (including Sushi, Layerzero and Metamask), 100,000 verified users and a 400,000-member community ahead of a planned token launch. The round also drew participation from Breyer Capital, Crypto.com, Quantstamp and others, and Hemi’s founding team includes early Bitcoin developer Jeff Garzik, Maxwell Sanchez and Matthew Roszak.
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WRITTEN BYBitcoin.com News DeskEditorial Desk Reporter
The Bitcoin.com News Desk publishes timely reporting on market developments, protocol updates, regulatory changes, and industry announcements across the cryptocurrency sector.
