Function Secures $10 Million in Seed Funding on July 15, 2025

According to relevant media reports, Midl secured $2.4 million in seed funding on July 29, 2025. The round was led by Draper Associates and Draper Dragon, among others. Following this financing, Midl’s total funding reached $4.8 million.Midl is an innovative Bitcoin infrastructure project focused on enabling native execution of decentralized applications (dApps) on the Bitcoin network. By introducing an additional abstraction layer, users can interact directly with EVM-level smart contracts using their Bitcoin wallets, without requiring cross-chain asset transfers or leaving the Bitcoin network. This solution significantly enhances the utility and scalability of the Bitcoin ecosystem.As Web3 and decentralized applications continue to evolve rapidly, the Bitcoin network—being the largest cryptocurrency ecosystem—has long faced limitations in supporting smart contract functionality. Midl’s solution introduces new possibilities for the Bitcoin network, enabling it to support a broader range of application scenarios. The newly raised capital will help Midl further refine its technical framework, expand its team, and accelerate product development and market expansion. Against the backdrop of a maturing cryptocurrency market, Midl’s innovation could drive significant breakthroughs within the Bitcoin ecosystem.

According to industry reports, Satsuma Technology Plc completed a $217.6 million post-IPO financing round on August 6, 2025. Leading institutional investors in this round included Pantera Capital, ParaFi Capital, Digital Currency Group, and Kraken. Following this transaction, Satsuma Technology Plc’s total cumulative funding reached $352.8 million.Satsuma Technology Plc (formerly Tao Alpha) is a technology company listed on the London Stock Exchange (ticker: SATS.L). The company’s core business encompasses building infrastructure and proxy applications on the Bittensor network, investing in high-potential subnets, and developing specialized AI agents capable of generating revenue within the network. Notably, on July 14, 2025, the company announced its initial purchase of 28.56 bitcoins, signaling an active expansion into digital assets.With the rapid advancement of artificial intelligence technology, demand for AI infrastructure and specialized agent services continues to grow. This latest financing will further strengthen Satsuma Technology’s capabilities in AI infrastructure development and professional agent creation, positioning the company to drive technological innovation and real-world adoption across the industry. As a publicly listed company proactively embracing new technologies, Satsuma Technology also reflects traditional financial markets’ recognition and support for the integration of AI and blockchain technologies.