Hemi Labs, founded by Jeff Garzik, has completed a $15 million financing round led by Binance Labs, Breyer Capital, and Big Brain Holdings. The funding, which also saw participation from numerous other investors including Jihan Wu, will be used to develop and launch the Hemi Network, a Layer 2 blockchain solution based on Bitcoin and Ethereum.

<p>BlockBeats news, on September 18, according to Coindesk, the team Hemi Labs founded by legendary Bitcoin developer Jeff Garzik has completed $15 million in financing. This round of financing was jointly led by Binance Labs, Breyer Capital and Big Brain Holdings, and Crypto.com, Web3 Ventures, HyperChain Capital, Alchemy, SALT Fund, Kelly Investments, Sunflower Capital, DNA Fund, Gate Ventures, Quantstamp, TRGC, BTC INC, Artichoke Capital, Cypher Capital, SNZ Holding, C6E, IBG Capital, Protein Capital, MON Ventures, SV5, Impossible Finance, Jihan Wu, George Burke and Sonny Singh participated in the investment. The financing funds will be used to develop and launch the Hemi Network, a Layer 2 blockchain based on Bitcoin and Ethereum.</p>