# Bitnomial: Bitcoin, Chicago, United States

> Bitnomial: Bitnomial offers improved derivatives exchange technology coupled with new digital asset settlement systems. Based in Chicago, United States.

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

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

# Bitnomial

Bitnomial offers improved derivatives exchange technology coupled with new digital asset settlement systems.

Funding reported Last round: Venture - Series Unknown

Bitcoin Chicago, United States

Company summary

- **Founded:** 2015 11 years old
- **Team:** - not reported
- **Funding reported:** $25M in dollars
- **Last round:** Venture - Series Unknown date not reported

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Bitnomial has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## What company datasets say Bitnomial raised

Funding, as reported

Reported in all **$25M** in dollars

Last round **Venture - Series Unknown**

Investors listed **5**

SEC Form D **$51M sold, 5 filings, last 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

## On 5 portfolio pages

Investors who name them

- [Indicator Fund](https://millionrounds.com/fund/indicator-fund)
- [ValueStream Ventures](https://millionrounds.com/fund/valuestream-ventures)
- [Collab+Currency](https://millionrounds.com/fund/collab-currency)
- [Digital Currency Group](https://millionrounds.com/fund/digital-currency-group)
- [RRE Ventures](https://millionrounds.com/fund/rre-ventures)

Each firm lists Bitnomial on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## Bitcoin in United States

Startups like it

- [**GDA** Houston · founded 2013](https://millionrounds.com/startup/gda)
- [**NYDIG** New York · founded 2017](https://millionrounds.com/startup/nydig)
- [**Digital Currency Group** Stamford · founded 2015](https://millionrounds.com/startup/digital-currency-group)
- [**Cipher Mining** Rye](https://millionrounds.com/startup/cipher-mining)
- [**ProCap Financial** New York](https://millionrounds.com/startup/procap-financial)
- [**FTX US** Santa Barbara](https://millionrounds.com/startup/ftx-us)
- [**Ionic Digital** Coral Gables](https://millionrounds.com/startup/ionic-digital)
- [**Grayscale Bitcoin Trust** New York · founded 2013](https://millionrounds.com/startup/grayscale-bitcoin-trust)

## Is this your company?

Add your raise, your deck and your story, and put Bitnomial in front of investors. Or tell us what we have wrong.

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