Hemi Labs, a start-up co-founded by former Bitcoin core developer and co-founder of Bloq, Jeff Garzik, has raised $15 million in its first round of funding. Binance Labs, Breyer Capital and Big Brain Holdings led the round in the firm,

The investment round was led by Binance Labs, Breyer Capital and Big Brain Holdings, Hemi said. Breyer was an early stage investor in Facebook (META), stablecoin issuer Circle and

Hemi Labs, co-founded by a close collaborator of Satoshi Nakamoto, has raised $15 million, which will be used in the continuing development of the modular blockchain Hemi Network.