What is Interlay?
Interlay is developing a robust and intuitive platform designed to integrate Bitcoin into decentralized finance applications. The company's core offering provides services such as trading, lending, and staking, making Bitcoin assets more versatile within the DeFi landscape. By focusing on user control over private keys and employing collateral insurance for economic security, Interlay aims to build trust and utility. Its community-driven governance model further empowers users, enabling them to maximize the value and potential of their Bitcoin holdings. The platform's modular layer is key to connecting Bitcoin to a diverse range of blockchain networks.
How much funding has Interlay raised?
Interlay has raised a total of $9.5M across 2 funding rounds:
Angel/Seed
$3M
Series A
$6.5M
Angel/Seed (2021): $3M with participation from Thomas CMS Holdings, Blockchain, IOSG Ventures, and LAUNCHub
Series A (2021): $6.5M led by DFG Capital, HyperSphere, and NEXO
Key Investors in Interlay
Thomas CMS Holdings
Thomas CMS Holdings is an entity focused on achieving improvements in carbon emission reduction, evolving with industry standards for domestic and commercial sectors. They emphasize quality assurance and collaborate with local communities, involving them in the change process and providing opportunities for skill development.
Blockchain
Blockchain provides cryptocurrency services, enabling users to buy, hold, and use cryptocurrency. Established in 2011 and headquartered in London, United Kingdom, it is a significant player in the digital asset space.
IOSG Ventures
IOSG Ventures is a research-driven investment fund established in 2017, specializing in Web3 technologies. They support founders in creating community-centric protocols across infrastructure, middleware, security, and social consumer applications, offering funding and extensive support.
What's next for Interlay?
With the recent major strategic investment, Interlay is poised for significant expansion and development. The company is likely to focus on enhancing its platform's capabilities, broadening its ecosystem integrations, and scaling its user base. This capital injection will support further innovation in DeFi solutions for Bitcoin holders and developers, potentially leading to new product launches and strategic partnerships. The emphasis on user control and security suggests a continued commitment to building a trustworthy and decentralized financial infrastructure.
See full Interlay company page
