What is Hummingbot?
Hummingbot Miner was a service designed to enable and streamline cryptocurrency mining for its users. The platform aimed to simplify the complexities associated with crypto mining, making it more accessible. However, the company's operational phase has concluded, and it is now in the process of winding down its activities. Users were advised to submit withdrawal requests for any unclaimed rewards by April 30, 2026, signaling the end of its service provision.
How much funding has Hummingbot raised?
Hummingbot has raised a total of $8M across 1 funding round:
Series A
$8M
Series A (2021): $8M with participation from Slow Ventures, Initialized Capital, Arrington XRP Capital, and Borderless Capital
Key Investors in Hummingbot
Slow Ventures
Slow Ventures is an investor that has participated in the funding rounds for Hummingbot. Further details on their investment focus are not available.
Initialized Capital
Initialized Capital is a venture capital firm dedicated to supporting seed stage founders across various sectors including enterprise SaaS, sustainability, health, hard tech, artificial intelligence, consumer, and crypto. They focus on providing tools and guidance for entrepreneurs from early stages to long-term success.
Arrington XRP Capital
Arrington Capital is a thesis-driven investment firm focused on digital assets and Web3, having invested in over 200 early-stage companies in the crypto ecosystem since 2017. Their crypto-native team supports founders in the digital asset and Web3 sectors.
What's next for Hummingbot?
With Hummingbot Miner having ceased operations and entered a wind-down phase, the future trajectory for the entity is one of closure rather than expansion. The company's focus has shifted from growth and development to facilitating the orderly conclusion of its services and ensuring users can retrieve any outstanding assets. This marks the end of its lifecycle as an active operational entity, with the primary objective now being the responsible dissolution of its services and community engagement during this transition period.
See full Hummingbot company page
