OrdinalsBot raises $1 million seed round to boost Bitcoin inscription service

OrdinalsBot, the first automated inscription service in the Bitcoin Ordinals ecosystem, announced today that it had secured more than $1 million in seed funding from several prominent ventures and individuals.

OrdinalsBot, founded in February, enables users to store data on Bitcoin using Ordinals, a protocol that leverages the Bitcoin network’s security and immutability. The platform recently launched its software developer kit (SDK), providing developers with powerful tools to integrate Ordinals functionality into their projects.

The seed round was led by Kestrel 0X1, a venture studio focused on building and investing in Bitcoin-native companies. Other participants included Lightning Ventures, UTXO Management, Bitcoin Frontier Fund, Angsana Investments, Deep Ventures and notable individuals like Sebastien Borget, Howard Morgan, Micah Spruill, Ivan Brightly, and Dillon Healy.

The raise was assisted by Novum Insights, MetaLink Capital, Louis Curran and Digital Phoenix Group, as well as James Haft and PAL Capital.

“It’s amazing to see developers returning into the space,” said OrdinalsBot co-founder Brian Laughlan. “Together with our investors and recent seed funding, we are building one of the premier infra companies on Bitcoin.”

“We are proud that OrdinalsBot is one of the first companies in the Ordinals sector to raise a $1m round,” added co-founder Toby Lewis. “We strongly believe that Ordinals is a huge market development and OrdinalsBot will enable companies and individuals to store data on Bitcoin and is a key building block in the next wave of Web 3.”

The funding will enable OrdinalsBot to expand its API capabilities, enhance its inscription service, and continue educational initiatives.

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