Omega is a Miami, FL–based Web3 infrastructure provider focused on enabling the collateralization of idle bitcoin for yield generation in DeFi. Led by CEO Wes Cowan and COO Eric Ryklin, the company is building decentralized infrastructure to allow Bitcoin holders to utilize the value of Layer 1 Bitcoin for yield. Omega raised $6M in funding to support the development and launch of this infrastructure. The company intends to use the funds to launch the first decentralized infrastructure that enables Bitcoin holders to utilize Layer 1 Bitcoin for yield generation, and expects to launch its public beta within the next 60 days. The funding round included participation from Lightspeed Faction, Borderless Capital, Wormhole Cross-Chain Ecosystem Fund (operated by Borderless Capital), Bankless Ventures, Wave Digital, Blockchain.com, Blockchain Founders Fund, Kronos Ventures, XTBO Humla, Cadenza, Psalion Ventures, AlphaLab Capital, Side Door Ventures, MH Ventures, and others. COO Eric Ryklin described the funding as a testament to the team’s vision and said the company’s focus now turns to delivering the public beta to empower Bitcoin holders and contribute to Bitcoin DeFi.

Total raised

$6M

Funding rounds

1

Latest round

Equity

Latest activity

Feb 2024