Bitlayer completes $9 million Series A+ financing at a valuation of $300 million, led by Polychain and others

ChainCatcher news, Bitcoin Layer2 project Bitlayer has completed a $9 million A+ round financing with a valuation of $300 million. This round was led by Polychain Capital, with Franklin Templeton co-leading, and participation from SCB Limited, Selini Capital, G-20 Group, and other investors.

Bitlayer co-founder Charlie Hu revealed that this round of financing started in early August and concluded last week. Just three months ago, the company had completed a $11 million Series A financing.

Like the previous Series A financing, Bitlayer's A+ financing uses a Simple Agreement for Future Equity (SAFE) structure, accompanied by token warrants, with a valuation of $300 million, which includes both equity valuation and fully diluted token valuation. The latest round of financing brings Bitlayer's total funding to $25 million.