Riema Labs (Nubit) raised $8M in a Seed funding round

June 5, 2024

Bitcoin-Native data availability layer Riema Labs (Nubit) raised $8M in a Seed funding round led by Polychain Capital, with participation from Nomad Capital, dao5 (daofive), The Spartan Group, Primitive, OKX Ventures (ex OKEx Blockdream Ventures), L2 Iterative Ventures (L2IV), GeekCartel, Symbolic Capital (ex Hyperedge Capital), Big Brain Holdings, Global Coin Research (GCR), Protagonist, Gate Ventures, Animoca Ventures, Mask Network.

Riema Labs is a pioneering entity in the Bitcoin ecosystem, renowned for its innovative data availability layer designed to significantly reduce transaction costs. The startup’s innovative product is Nubit, the first-ever Bitcoin-native data availability layer, which leverages advanced techniques such as native staking and decentralized bridging to enhance data throughput, reduce storage costs, and improve accessibility on the Bitcoin network.

You can find all funding rounds, links, and details on the project page Riema Labs (Nubit)