Crypto infrastructure startup based in London BOB Increased a strategic round of 8.1 million euros to build a 2 hybrid layer chain which allows users to win a yield on the native BTC without guardians or wrapped tokens.
This most recent strategic tour has caused new donors, including Anchorage, Amber Group and Sats Ventures, while seeing increased commitments from previous investors such as Castle Island Ventures – which led the seed of 8.6 million euros previous – as well as Ledger, Rockaway, Asymmetric, Iosg Ventures, Utxo Management, Daepil, CMS, Bankless Ventures, Hymersphere, Alliance, Sigil / Zeep. These stem from an angel tour of 1.3 million euros raised at the beginning of 2023 from non-disclosed cryptocurrency investors.
The result is a total of 18 million euros in a series of financing laps since December 2024.
Alexei ZamyatinThe co-founder of Bob and Bitvm Core contributor, said: “The fact that we continue to attract new partners and that so many of our original investors have doubled in a long time on the work that our team has done to define the central role of Bitcoin in Defi. With the series of recent developments and level 1 partners choosing Bob to support their Bitcoin strategies, we demonstrate what is possible with the unique hybrid model of Bob, bringing together Bitcolin and Ethereum for Redfine’s Bitfin forces.
Founded in 2024, Bob operates with a distributed team through Europe and North America. The company has deliberately kept a low profile thanks to its research and development phase, and now under the spotlight as the Mainnet launch approaches.
The funds collected will accelerate the development of the BOB hybrid chain infrastructure, will expand ecosystem integrations and support institutional adoption.
As a Bitcoin Defi bridge, Bob intends to be the easiest and safest place to win with Bitcoin. Its hybrid chain model combines the forces of Bitcoin and Ethereum networks, which means that all applications, active and transactions are guaranteed by billions of dollars in marked BTC. In addition, Bob will operate the secure bridges by BTC to Ethereum and other channels, providing a gateway to win Bitcoin yield on several channels.
Recently, Bob launched Bitcoin native Defi On its testnet with the support of the main institutions and the DEFI protocols, including Lombard, Amber Digital and Rockawayx. This evolution, powered by BOB BITVM bridgewill make the BTC native representations, not wrapped, available to their vast Bitcoin DEFI ecosystem once it is posted on Mainnet.
In addition to this, Bob also says that they have become the first ZK Hybrid RollupReducing costs considerably and increasing the effectiveness of optimistic rollers by taking advantage of zero knowledge technology for fraud litigation. In addition, Bob Integration with fire blocks Improves institutional access to Bitcoin DEFI by combining the secure portfolio infrastructure of the Fireblocks with the BOB network.
Nic CarterFounding partner of Castle Island Ventures, “said:”We believe in the enormous potential of Bitcoin Defi and consider BitvM as the best path to follow for deposits and BTC withdrawals without confidence. Bob is the only layer 2 implementing both bitvm for deposits without confidence and the finality Bitcoin via the marked bitcoin for transactions defined by Bitcoin. We are delighted to increase our investment and support Bob’s mission to build the Bitcoin DEFI bridge. “”
Although the startup is always updating its public oriented documents – including a LinkedIn page and a team list – it is preparing for wider visibility when approaching the Mainnet version.
