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Blockstream, a Bitcoin infrastructure player, raises $210M convertible note financing round, led by Fulgur Ventures


Bitcoin infrastructure player

October 15, 2024


Blockstream, a company specializing in bitcoin infrastructure, has secured $210 million through a convertible note financing round led by Fulgur Ventures. The funds will be used to enhance the adoption and development of Blockstream’s layer-2 technologies, expand its mining operations, and increase its bitcoin treasury.


Project

Latest Raise

Latest Raise Date

Lead Investor

Category

Blockstream

$210M

October 15, 2024

Fulgur Ventures

Bitcoin

Blockstream’s layer-2 solutions, such as the Liquid and Lightning networks, are designed to alleviate scaling and data bottlenecks by operating on top of the base blockchain layer. According to Co-Founder and CEO Dr. Adam Back, this funding marks a significant milestone for Blockstream as it aims to further integrate bitcoin with the broader financial world.


About Blockstream

Blockstream is a leading company in the Bitcoin and blockchain technology space. They provide a range of products and services designed to enhance the Bitcoin ecosystem. This includes their Liquid Network, which enables fast and confidential transactions, and their Lightning Network, which helps with scaling Bitcoin transactions. Blockstream also offers enterprise-class Bitcoin mining services and a satellite network that broadcasts the Bitcoin blockchain globally, ensuring access even in areas with unreliable internet.



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Bitcoin infrastructure player

About Investor

Investor: Fulgur Ventures

Fulgur Ventures is a venture capital firm that invests in early-stage startups focused on Bitcoin and the Lightning Network. They believe Bitcoin is the foundation for a decentralized financial future and support the development of Layer-2 solutions to make everyday transactions more efficient. Fulgur Ventures provides funding, advisory, and mentoring to help startups navigate the evolving cryptocurrency landscape and succeed in the fast-growing blockchain industry.


Location: Wilmington, Delaware

 

 

 

A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.

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