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Interlay, based in London, UK, develops an open system enabling users to invest, earn yields, and transact with Bitcoin across multiple blockchains in a trustless, decentralized manner. Its flagship product, interBTC, utilizes the open-source XCLAIM framework to facilitate the movement of BTC between chains such as Bitcoin, Ethereum, and Polkadot, focusing on blockchain interoperability for DeFi applications. The company secured $3.04 million in seed funding in 2021 from investors including IOSG Ventures, Blockchain.com, and CMS Holdings. This capital supports its development efforts for Bitcoin holders and enterprises seeking cross-ledger settlements on public blockchains. Interlay was founded in 2019 by Imperial College London PhDs Alexei Zamyatin and Dominik Harz. Its business model centers on equity financing through venture capital raises to fund development, team expansion, and product growth.
Interlay has raised $3.0M across 1 funding round.
Interlay has raised $3.0M in total across 1 funding round.
Interlay has raised $3.0M across 1 funding round. Most recently, it raised $3.0M Seed in July 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 19, 2021 | $3M Seed | Xinshu Dong | Blockchain.com, CMS Holdings, Hypersphere Ventures, KR1, LAUNCHub Ventures, ZEE Prime | Announced |
Interlay has raised $3.0M in total across 1 funding round.
Interlay's investors include Xinshu Dong, Blockchain.com, CMS Holdings, Hypersphere Ventures, KR1, LAUNCHub Ventures, Zee Prime.
