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High Tech Series A Founded 2021

Bitfinity Network

Bitfinity Network develops Ethereum Virtual Machine infrastructure for the Internet Computer, pioneering DeFi cross-chain primitives that support both Bitcoin and EVM-based chains. The platform undertakes research and development into cross-chain wallets, exchanges, and automated market-making activities built on the Internet Computer blockchain. Bitfinity's EVM-compatible sidechain middleware enables developers to…

📍 London, United Kingdom · Blockchain Infrastructure,

Funding snapshot

Last roundSeries A
Amount$7M
Date11 January 2024
Total raised$7M
Valuation130,000,000 (Jan 11, 2024)
Team size7

About

Bitfinity Network develops Ethereum Virtual Machine infrastructure for the Internet Computer, pioneering DeFi cross-chain primitives that support both Bitcoin and EVM-based chains. The platform undertakes research and development into cross-chain wallets, exchanges, and automated market-making activities built on the Internet Computer blockchain. Bitfinity's EVM-compatible sidechain middleware enables developers to deploy Ethereum smart contracts on the Internet Computer protocol, facilitating cross-chain interoperability between Bitcoin, Ethereum, and other EVM-based blockchain networks. The infrastructure supports decentralized finance applications by providing a scalable, low-cost execution environment for smart contracts while maintaining compatibility with existing Ethereum development tools and wallets. Founded in 2021 and headquartered in London, United Kingdom, the company has raised approximately $7M in Series A funding. Bitfinity differentiates itself as the first EVM layer built on the Internet Computer, enabling seamless cross-chain DeFi primitives that bridge Bitcoin and EVM ecosystems through sidechain blockchain infrastructure.

Business model

Blockchain Infrastructure > Middleware > Sidechain

Team background

College Wise > University of Manchester, University of Cambridge, University of Oxford

Institutional investors

Polychain ParaFi Warburg Serres DOKIA CAPITAL Draft Ventures Unicorn Ventures

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