Bloctopus raises £790k in pre-seed funding led by Hivemind Capital to advance developer infrastructure.
The pre-seed round was led by Hivemind Capital with backing from Techstars, IronKey Capital, and several industry founders.
Bloctopus is a London based developer tool provider that creates on demand blockchain sandboxes. The firm works to eliminate infrastructure bottlenecks for applications built on distributed ledgers.
London based developer tooling firm Bloctopus has secured £790k in pre seed funding led by Hivemind Capital. The round drew additional participation from Techstars, IronKey Capital, and various founders from organisations including Brevan Howard, Quantstamp, Cred Protocol, Nexus Network, and Airside Labs.
The capital will be directed towards infrastructure development to support decentralised applications and financial institutions. Bloctopus provides on demand blockchain simulation technology designed to replace traditional public testnets, cutting development overhead and accelerating deployment for engineers.
The company has spent two years developing its platform alongside the Ethereum Foundation and the University of Southampton. Its live platform aims to lower the barrier of entry for developers entering the web3 space by simplifying environment setup and cross chain interactions.
From the founder
"For instance the OP Foundation could run testnets supporting Base, Ink, LayerZero, EigenLayer and Chainlink, leveraging Bloctopus infrastructure to advance the Superchain interoperability"
Anisha Goel
Co-founder at Bloctopus
Use of funds
- 01Build out infrastructure
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About the company
Bloctopus
Bloctopus builds developer tools that create on demand blockchain sandboxes.