What is Midl?
Midl operates as a specialized infrastructure platform designed to unlock the programmability of the Bitcoin network. By enabling the execution of smart contracts directly on the Bitcoin blockchain, the company addresses a critical market gap for developers seeking to build decentralized applications (dApps) without migrating to alternative chains. This strategic positioning allows Midl to capture value from the growing demand for Bitcoin-native financial products, effectively transforming the world's largest cryptocurrency from a store-of-value asset into a dynamic, programmable ecosystem. The platform's architecture is engineered for high-throughput and security, catering to the needs of enterprise-level clients and institutional developers.
How much funding has Midl raised?
Midl has raised a total of $2.4M across 1 funding round:
Seed
$2.4M
Seed (2025): $2.4M with participation from Draper Dragon and Draper Associates
Key Investors in Midl
Draper Dragon
Draper Dragon is a cross-border venture fund founded in 2006 that connects Silicon Valley and Asia, focusing on early-stage companies in the blockchain and Web3 sectors.
Draper Associates
Draper Associates is a global venture capital firm with over 40 years of experience in funding transformative companies across various sectors, including AI, blockchain, and biotech.
What's next for Midl?
Looking ahead, Midl is poised to leverage its recent capital injection to expand its engineering team and enhance its core protocol capabilities. The strategic focus will likely shift toward fostering a developer ecosystem, incentivizing the creation of new financial primitives, and establishing key partnerships with institutional players looking to integrate Bitcoin-native smart contracts into their existing workflows. As the company transitions from its current growth phase into a more mature operational stage, the emphasis will remain on maintaining network integrity while scaling to meet the demands of a global user base. By prioritizing interoperability and security, Midl aims to solidify its role as the primary gateway for decentralized innovation on the Bitcoin network.
See full Midl company page
