Summary

Lava.xyz has successfully closed its seed funding round, led by Caffeinated Capital and UTXO Capital, with a stellar group of angel investors from the Bitcoin, fintech, and tech startup worlds. Notable backers include industry leaders from Square, Anchorage, Uber, Visa, Coinbase, Google, and respected Bitcoin advocates and educators. This diverse group of investors shares Lava’s vision for a financial system where users save in Bitcoin and spend in dollars—combining security, transparency, and user empowerment from day one. Lava’s momentum is powered by a team and community that believe in building a Bitcoin-native alternative to the legacy financial system. The announcement was authored by CEO Shehzan Maredia, reinforcing Lava’s commitment to transparency and Bitcoin-first principles.

Who led Lava’s seed funding round? * The round was led by Caffeinated Capital and UTXO Capital, with participation from a broad group of prominent angels in Bitcoin, fintech, and startup infrastructure (source).
Which notable individuals joined as angel investors? * Investors include Steve Lee (Square, Google), Nathan McCauley (Anchorage), Ben Askren (UFC fighter, Bitcoin advocate), Udi Wertheimer (Bitcoin dev), Eric Wu (Opendoor), and several others with deep experience in tech and Bitcoin (source).
What is Lava’s mission? * Lava aims to build a secure, Bitcoin-native financial system that lets people save in Bitcoin and spend in dollars, challenging the limitations of legacy finance (source).
Who authored the announcement? * The announcement was written by Shehzan Maredia, CEO of Lava.xyz.
Why are these investors backing Lava? * According to Lava, these investors understand the flaws in the current financial system and believe Bitcoin offers a superior foundation for a secure, user-empowered future (source).

“We’re proud to have them backing our vision for a new financial system, one where people save in Bitcoin and spend in dollars.” — Shehzan Maredia, CEO

Ready to experience Bitcoin-native finance? Sign up for Lava or learn more at lava.xyz.

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Announcements

Jul 31, 2024

We’ve Raised Our Seed Round from Caffeinated Capital, UTXO Capital, and a Dream Team of Angels

Shehzan Maredia

We’re thrilled to announce that Lava has raised our seed round, led by Caffeinated Capital and UTXO Capital, with participation from a powerhouse group of angels across Bitcoin, fintech, and startup infrastructure.

These are builders, operators, and investors who have helped scale companies like Square, Anchorage, Uber, Visa, Coinbase, Google, and many more.

We're proud to have them backing our vision for a new financial system, one where people save in Bitcoin and spend in dollars.

Here's a quick look at some of the incredible people joining us:

Steve Lee (Square, Google)
Nathan McCauley (Founder of Anchorage)
Ben Askren (UFC fighter, Bitcoin advocate)
Jordan Schachtel (Journalist & geopolitical analyst)
Udi Wertheimer (Bitcoin dev & educator)
Gwart (Bitcoin educator)
Eric Wu (Opendoor Founder)
David King (Google)
Sarfraz Maredia (Uber)
Andrew Benson (Cofounder River)
Dennis Pourteaux (Bitcoin dev)
Han Hua (Google Ventures)
Brad Mills (Bitcoin educator)
Emmet Peppers (Youtuber, ex-Interactive Brokers)

All of these investors are people who understand how broken the legacy financial system is and why Bitcoin offers a better foundation. They’re backing Lava because we’re building a system that’s secure from day one.

Thank you to everyone on this team who’s helped bring Lava to life. We’re just getting started.