PANews reported on September 18th that Hemi Labs, a startup co-founded by Bloq co-founder Jeff Garzick, has raised $15 million in funding. The round was led by Binance Labs, Breyer Capital, and Big Brain Holdings, with participation from Crypto.com, Web3 Ventures, Hyperchain Capital, Alchemy, and SALT Fund. Co-founder Max Sanchez said the company plans to use the funds to build out Hemi's engineering team, add more Bitcoin interoperability features, provide developers with advanced customization options, and incentivize, subsidize, and foster community adoption. Sanchez declined to disclose the company's valuation.