# Bitnomial funding: rounds and investors

> Bitnomial has raised $25M across 1 round since 2024. Investors include RRE Ventures, Jump Capital and Ripple. Every round with its source.

Source: https://millionrounds.com/company/bitnomial (Millionrounds; every figure on the page links to its filing or article)

United States · [Venture startup](https://millionrounds.com/companies)

# Who invested in *Bitnomial*

One round we have observed, with the 5 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Web3 & Crypto

Funding summary Updated 26 Oct 2026

**$25M** raised across 1 round since 2024, from 1 source

- **Latest round:** Venture, $25M Jul 2024
- **Investors:** 5

See who backed them

## The rounds

- **Jul 2024** Venture **$25M** [RRE Ventures](https://millionrounds.com/fund/rre-ventures) [Jump Capital](https://millionrounds.com/fund/jump-capital) [Ripple](https://millionrounds.com/fund/ripple) [Lemniscap](https://millionrounds.com/fund/lemniscap) [Electric Capital](https://millionrounds.com/fund/electric-capital) Source recorded SEC filing: $28M sold, first sale Jul 2024

## Founders and team

From Bitnomial's own website: 2 founders, 9 on the team.

**Luke Hoersten** Founder & Chief Executive Officer

**Matthew Wraith** Founding Chief Technology Officer

- **Michael Dunn** President & Chief Commercial Officer
- **Joseph Pensinger** President
- **Kevin Burford** Chief Product Officer
- **Alma Fabara** VP of Compliance
- **Amy McCormick** VP of Risk
- **James Walsh** VP of Regulation & Compliance
- **Nathanial Haynes** VP of Risk
- **Seth Larson** VP of Operations
- **David Bock** Director of Enterprise Risk

## Everyone who backed them

[RRE Ventures](https://millionrounds.com/fund/rre-ventures) VC firm **1** round

[Jump Capital](https://millionrounds.com/fund/jump-capital) VC firm **1** round

[Ripple](https://millionrounds.com/fund/ripple) Investment firm **1** round

[Lemniscap](https://millionrounds.com/fund/lemniscap) VC firm **1** round

[Electric Capital](https://millionrounds.com/fund/electric-capital) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=bitnomial).

## Also claim to have backed them

These 4 firms list Bitnomial as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Digital Currency Group](https://millionrounds.com/fund/digital-currency-group) VC firm Per its own site

[ValueStream Ventures](https://millionrounds.com/fund/valuestream-ventures) VC firm Per its own site

[Collab+Currency](https://millionrounds.com/fund/collab-currency) VC firm Per its own site

[Indicator Fund](https://millionrounds.com/fund/indicator-fund) VC firm Per its own site

## Quick answers about Bitnomial

### Who invested in Bitnomial?

Bitnomial's investors include RRE Ventures, Jump Capital, Ripple, Lemniscap and Electric Capital.

### How much has Bitnomial raised?

Bitnomial has raised $25M across 1 round since 2024.

### When did Bitnomial last raise?

Bitnomial's most recent round was a Venture of $25M in Jul 2024.

### What was Bitnomial's biggest round?

Its most recent round, $25M in Jul 2024, is also its largest on record.

### Who backed Bitnomial first?

Bitnomial's first round on record, in Jul 2024, was backed by RRE Ventures, Jump Capital and Ripple and 2 others.

### What stage is Bitnomial at?

Bitnomial's latest named round is a Venture, in Jul 2024.

### Where is Bitnomial based?

Bitnomial is based in the United States.

## Companies like Bitnomial

In the same sector, and raised in the last eighteen months.

[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**STRIVE** $1.3B · Oct 2026](https://millionrounds.com/company/strive)[**Arda** $233M · Oct 2026](https://millionrounds.com/company/arda)[**Binance.US** $300M · Oct 2026](https://millionrounds.com/company/binance-us)[**Fission** $10M · Oct 2026](https://millionrounds.com/company/fission)[**Ramp** $4.5B · Oct 2026](https://millionrounds.com/company/ramp)

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