# Surging Ahead in Blockchain

*Babylon's Layer2 Bitcoin Staking Project Secures $18M in Series A Funding Round*

By [darth900.eth](https://paragraph.com/@darth900.eth) · 2024-02-27

btc, l2

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​​Bitcoin staking infrastructure project Babylon raised $18M in a Series A funding round led by Polychain Capital, Hack VC, with participation from Framework Ventures, Polygon Ventures, Castle Island Ventures, OKX Ventures (ex OKEx Blockdream Ventures), Finality Capital, Breyer Capital, Symbolic Capital (ex Hyperedge Capital), IOSG Ventures, Web3 com Ventures, GeekCartel, Chainfund Capital, Cluster Capital, L2 Iterative Ventures (L2IV), ABCDE Capital, Dovey Wan, Sandeep Nailwal.

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*Originally published on [darth900.eth](https://paragraph.com/@darth900.eth/surging-ahead-in-blockchain)*