Key Points
- Blockchain protocol OrdinalsBot has secured $3 million in seed funding to enhance the Bitcoin ecosystem.
- OrdinalsBot aims to simplify the inscription-minting process for non-fungible token (NFT) collectors and artists.
OrdinalsBot, a recently established blockchain protocol focusing on the data layer of the Bitcoin ecosystem, has successfully raised $3 million in a seed funding round.
The London-based firm made the announcement of the oversubscribed round in a press release dated March 2026, 2024.
Funding History of OrdinalsBot
The company conducted its pre-seed funding round in late 2023, obtaining approximately $1.5 million from institutional investors. With the conclusion of the recent seed round, the total funding of the company now stands at $4.5 million.
The oversubscribed fundraising was spearheaded by DACM, a global investment firm specializing in seed and early-stage investments. Other significant participants in the round included Eden Block, Nural Capital, WWVentures, Lightning Ventures, Oak Grove Ventures, UTXO Management, London Real Ventures, Crypto Zombie, and MDX Crypto.
OrdinalsBot, which was launched in February 2023, intends to use the raised funds to revamp the dynamics and infrastructure of the Bitcoin ecosystem, presenting new opportunities for Ordinals and the entire Bitcoin ecosystem.
Toby Lewis, co-founder of OrdinalsBot, stated, “We launched as the first automated inscription service in the Bitcoin Ordinals ecosystem and have since expanded in many ways. We believe that this next chapter, with the support of our new investors, will further continue to put us in a position to turbocharge Bitcoin – the biggest and most decentralized chain in the world.”
OrdinalsBot’s Future Plans
In addition to improving the Bitcoin ecosystem, the company plans to use the funds to expand its workforce. The funding will also enable the firm to explore and concentrate on other innovative ways to empower users and developers across the Bitcoin Ordinals ecosystem.
OrdinalsBot’s primary mission is to streamline the inscription-minting process for non-fungible token (NFT) collectors and artists. Previously, creating an Ordinal involved navigating through several complex steps, including downloading the entire history of the Bitcoin blockchain. However, with the launch of the protocol, the firm aims to simplify the process for users.
The company has seen significant growth since its last fundraising, expanding its business to include a full suite of product offerings designed to simplify the process of minting and managing Bitcoin inscriptions and BRC-20 tokens.
These new offerings include OrdinalsBot Inscription Tool, OrdinalsBot Scribe, and OrdinalsBot API, which provides analytics and collection management tools, and a marketplace API that supports Ordinals and BRC-20 tokens.
Richard Galvin, the co-founder of DACM who led the seed funding round, said that the growth of OrdinalsBot is a testament to its early positioning. He also attributed the company’s success over the past several months to the ease-of-use of the technological solutions it created.
He also highlighted other OrdinalsBot’s achievements since its introduction into the market, such as mining the biggest block in Bitcoin mining history and participating in three of the ten largest Bitcoin inscriptions in recent times, as key factors driving the firm’s growth. Galvin praised the company for enabling projects to mint in a single Bitcoin block, which was previously impossible.
