Dover, US, July thirtieth, 2025, Chainwire
Midl, an infrastructure that brings good contracts to the Bitcoin community, enabling native decentralized purposes (dApps) and monetary merchandise, has introduced the profitable shut of a $2.4 million seed spherical.
The spherical was led by Draper Associates, the early-stage enterprise capital agency based by Tim Draper and identified for backing industry-defining firms like Coinbase, Robinhood, and Ledger. It was additionally supported by Draper Dragon, a cross-border enterprise fund targeted on modern blockchain options, with notable investments in Kelp DAO and Ether.Fi.
This funding milestone marks one other step in the direction of Bitcoin’s evolving monetary ecosystem, spotlighting the rising institutional curiosity in BTCFi, a brand new wave of Bitcoin-native decentralized finance. With Midl, builders can now construct and run dApps natively on Bitcoin, unleashing the potential of the community’s $2 trillion in liquidity.
“It’s uncommon to be this early to one thing this huge,” stated Iva Wisher, Founding father of Midl. “Midl makes Bitcoin programmable in a approach that’s by no means been completed earlier than. Native Bitcoin token requirements lastly have a house the place they’ll energy actual apps and actual economies. Throughout buying and selling, DeFi, gaming, governance, and every thing in between.”
Unlocking the Energy of Bitcoin
In contrast to options that depend on sidechains, bridges, or Layer 2s, Midl introduces a local execution atmosphere for Bitcoin, permitting decentralized purposes to run immediately on the Bitcoin community.
This consists of seamless help for Bitcoin-native token requirements, making them tradable, useful, and usable throughout services and products from day one.
Midl is at the moment in its testnet part, with a mainnet launch anticipated shortly. A number of early DeFi protocols are already dwell on the testnet, with over 20 further initiatives at the moment in numerous levels of deployment on the community.
Alongside the technical rollout, Midl is launching a sequence of retail-facing initiatives to assist kickstart actual utilization and liquidity throughout the Bitcoin ecosystem from day one. These efforts are targeted on driving early adoption and seeding liquidity throughout the Bitcoin ecosystem forward of mainnet.
Led by Veterans of Early-Stage Tech Investing
Draper Associates is a enterprise capital agency based in 1985 by Tim Draper. Recognized for its forward-looking funding philosophy, the VC has performed a pivotal function in funding a few of the most transformative tech firms throughout a number of industries. Draper Associates has a robust portfolio of crypto and blockchain investments, having backed early leaders comparable to Coinbase, Ledger, and Robinhood.
Draper Dragon is a cross-border enterprise capital agency targeted on early-stage Web3 and know-how startups. The agency invests in modern blockchain initiatives shaping the way forward for decentralized finance and digital ecosystems, with notable investments together with Kelp DAO and Ether.Fi.
About Midl
Midl is an execution atmosphere that brings good contracts to Bitcoin, opening the door to a brand new era of decentralized purposes constructed natively on the world’s most safe blockchain – with devoted developer tooling.
With Midl, full-scale dApps can run immediately on Bitcoin: every thing as soon as doable on Ethereum can now be constructed on Bitcoin. The protocol improves the developer and person expertise by permitting a number of EVM-like interactions inside a single Bitcoin transaction, unlocking higher scalability and throughput.
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Contact
Co-founder
Ivan Vishnevskii
MIDL LABS
staff@midl.xyz
