In a recent development in the world of tech startups, Allium and Bima Labs have both successfully secured funding from venture capitalists. Allium, a blockchain data platform, raised a substantial $16.5 million in a series A funding round led by Theory Ventures. With existing investors Kleiner Perkins and Amplify Partners also contributing, Allium now has a total capital of $21.5 million. The platform caters to enterprises like Visa, Stripe, and Phantom, providing tools for business reporting and growth opportunities in the blockchain space.
The funding will be used to enhance data infrastructure and scale marketing efforts to keep up with the growing demand for blockchain data services. On the other hand, Bima Labs, a developer of Bitcoin-backed stablecoins, closed a $2.25 million seed fundraising round. Led by Portal Ventures and with support from Draper Goren Blockchain and Sats Ventures, Bima Labs is focused on creating the USBD (Universal Stable Bitcoin Dollar) stablecoin, backed by Bitcoin and usable across different blockchains.
The company aims to revolutionize the stablecoin market by leveraging Bitcoin’s security and stability to provide users with flexible financial solutions. The CEO of Bima Labs expressed excitement at the support from investors and highlighted the company’s vision to create a secure financial ecosystem. With the stablecoin market estimated at $150 billion, Bima Labs is well-positioned to capture a significant share of this growing sector.
In addition to Allium and Bima Labs, other startups like Haruko, PEXX, and Nirvana Labs also secured funding in the recent weeks. Haruko, a digital asset investment management platform, raised $6 million to expand its presence in Southeast Asia and recruit top talent. PEXX, a fintech startup specializing in stablecoin-to-fiat payments, completed a $4.5 million seed funding round to enhance its product offerings and expand into Southeast Asia.
Nirvana Labs, a blockchain cloud provider, announced a $4 million seed round to expand its global connectivity and product offerings in the web3 space. With additional funding rounds planned for the future, these startups are poised for growth and innovation in the dynamic tech industry. The support from venture capitalists underscores the confidence in their vision and business models, paving the way for a new wave of technological advancements and financial solutions in the market.