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Based in Singapore, BEVM operates a fully decentralized, Ethereum Virtual Machine-compatible Bitcoin Layer 2 network that utilizes BTC for transaction gas fees. The platform allows developers to deploy Ethereum-based decentralized applications directly onto the Bitcoin network, combining Bitcoin's security infrastructure with smart contract capabilities. The organization has raised $10 million in venture funding at a $200 million valuation to scale its operations. Backed by investors such as RockTree Capital and Waterdrip Capital, the network has processed over 5.8 million transactions and accumulated more than $50 million in total value locked. BEVM supports an ecosystem of over 20 projects and has established strategic partnerships with entities including Elastos and the Binance Web3 Wallet to drive adoption among its 78,000 on-chain users. The enterprise was founded in 2023 by a development team including co-founder Hakan Sezikli.
BEVM has raised $10.0M across 1 funding round.
BEVM has raised $10.0M in total across 1 funding round.
BEVM has raised $10.0M in total across 1 funding round.
BEVM's investors include ArkStream Capital, Cogitent Ventures, MH Ventures, RockTree Capital, Satoshi Labs, ViaBTC Capital, Waterdrip Capital, Web3Port.
BEVM has raised $10.0M across 1 funding round. Most recently, it raised $10.0M Seed in March 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 25, 2024 | $10M Seed | — | Arkstream Capital, Cogitent Ventures, MH Ventures, Rocktree Capital, Satoshi Labs, Viabtc Capital, Waterdrip Capital, Web3Port | Announced |
