Fundraising Fox

Alpen Labs

New York City, US Β· 11 known investors

Alpen Labs builds a Bitcoin layer-2 network that enables financial applications through a ZK rollup with optimistic bridge architecture. It allows users to borrow against Bitcoin, earn interest, and transact in dollars while settling transactions directly on Bitcoin.

Also known as Alpen Β· Strata

Founders & leadership

AC
Abishkar ChhetriFounder
PK
Pramod KandelFounder
SG
Simanta GautamFounder
JL
John Light
TD
Trey Del Bonis
LELiam Eagen
Liam Eagen
MB
Manish Bista
AF
Aaron Feickert

Investors Β· 11

Also in the syndicate Β· 1

Cyber Fundlead

Funding

SEC filings, press & company announcements

Source: company announcements and press reports β€” follow each round's link for the claim.

Company profile

researched Aug 2026

Alpen Labs is a bitcoin infrastructure developer building Strata, a zero-knowledge (ZK) rollup that settles natively through the bitcoin network. The company's stated aim is to add privacy, programmability and scalability to bitcoin without changing the properties of the base layer, positioning blockchains as verifiers of proofs rather than executors of complex computation. Its product framing covers vaults and self-custody, BTC-collateralized borrowing and stablecoins, yield, and payments, offered to developers as components to integrate into their own products, including an SDK and an MCP surface referenced on its website.

The protocol work is developed largely in the open: the company's GitHub organization hosts 68 repositories, mostly in Rust and under the Apache-2.0 license, including a Rust implementation of the Alpen protocol, the Strata Bridge reference implementation, the Mosaic garbled-circuits protocol, zkaleido (traits and adapters unifying different zkVMs), Bitcoin Output Script Descriptor (BOSD), an async BitcoinD JSON-RPC client, a proof-of-work faucet for bitcoin signets and the Alpen EVM, and a checkpoint explorer. Alpen describes its design as letting developers program arbitrary locking conditions for BTC β€” subject to block size and gas limits β€” enabling new signature types (e.g. P-256), time-delayed and cancellable vaults, subscription-style withdrawal allowances, end-to-end encrypted transactions verified with zero-knowledge proofs, economically-secured zero-confirmation payments, and collateralized borrowing against BTC.

Alpen Labs also publishes open research. Its "ZK Rollup on Bitcoin" whitepaper, released publicly in June 2024, described a design requiring a bitcoin soft fork; that line of work was subsequently paused in favor of a rollup design buildable on bitcoin as it exists today, based on the company's SNARKnado research.

Founding story

Alpen Labs was started in June 2022. Its founders have personal backgrounds in Nepal, a country where roughly 25% of GDP comes from remittances, which shaped an early focus on using bitcoin to disintermediate middlemen and lower the cost of global payments. The team first explored the Lightning Network, but concluded that Lightning would face challenges around privacy, centralization and user experience as usage grew. Later in 2022, while researching zero-knowledge cryptography, the founders concluded that zk-SNARKs would be a core part of scaling bitcoin globally and were consistent with bitcoin's design philosophy that blockchains should verify rather than execute computation.

Business model

Alpen Labs develops open-source bitcoin scaling infrastructure and offers financial primitives β€” vaults, credit and yield β€” for other companies to integrate into their products via an SDK and developer access to its rollup. The website directs prospective integrators to a contact form.

Traction

Developers were able to build on Strata via devnet access as of January 2025, with a public testnet announced as upcoming and mainnet targeted for 2025. The company's GitHub organization hosts 68 repositories with continuing commit activity; its most-starred project, the Rust implementation of the Alpen protocol, has 104 stars and 30 forks.

Latest developments

In January 2025 Alpen Labs announced an $8.5M strategic round co-led by DBA and Cyber Fund, with participation from earlier seed investors Ribbit Capital, Castle Island Ventures and Geometry, intended to accelerate development and the 2025 mainnet launch of Strata. Public repositories including the Alpen protocol implementation, Strata Bridge, Mosaic and zkaleido continued to be updated through August 2026.

β–ΈFull profile β€” market position, technology, go-to-market, geography, history

Market position

Alpen positions itself as a native bitcoin scaling solution at the intersection of bitcoin and zero-knowledge proofs, distinguishing rollups that settle directly on bitcoin from sidechain-based approaches and from the Lightning Network, which it assesses as constrained on privacy, centralization and user experience at scale.

The company emphasizes native settlement on bitcoin with integrity verified by zero-knowledge proofs rather than added trust assumptions from another chain, a shift from a soft-fork-dependent design to one deployable on bitcoin as it exists today, broad programmability of BTC locking conditions, and open-source, Apache-2.0 licensed implementations plus publicly released research.

Technology

Alpen's core technology is a zero-knowledge rollup that settles natively on bitcoin, contrasted by the company with sidechain models that introduce the trust assumptions of a separate blockchain. Its earlier whitepaper design depended on a bitcoin soft fork (with an early sketch using Liquid script extensions and a hypothetical OP_ZKPVERIFY opcode); the current direction, based on SNARKnado research, is intended to be implementable on bitcoin today. Implementation work is in Rust and includes the Alpen protocol node, the Strata bridge, a garbled-circuits protocol called Mosaic, zkVM abstraction layer zkaleido, an Alpen EVM environment, script descriptor tooling and a checkpoint explorer. The stated capability set includes programmable locking conditions for BTC, alternative signature schemes such as P-256, time-locked and cancellable vaults, subscription withdrawals, end-to-end encrypted transactions verified with ZK proofs, and economically-secured zero-confirmation payments.

Go-to-market

Alpen publishes research and open-source code to reach the bitcoin developer community, presents at industry events such as BTC++, and offers developer devnet access to Strata ahead of a public testnet and mainnet launch. Commercial engagement with product teams is handled through direct contact for integrating vaults, credit and yield.

Developers and companies building bitcoin-based financial products β€” including wallets and vaults, BTC-collateralized stablecoins and overcollateralized borrowing, hashrate futures for miners, and trust-minimized BTC yield applications β€” as well as end users seeking self-custody, payments and dollar-denominated balances on bitcoin.

Geography

The company is headquartered in New York City, with founders whose personal backgrounds are in Nepal.

History

After forming in June 2022 and settling on a zero-knowledge approach later that year, the team began working on its own rollup design in the fall of 2022, informed by an early 2022 sketch of a bitcoin zk rollup published by Trey Del Bonis (later a protocol engineer at the company) and by the "Validity Rollups on Bitcoin" report by John Light (later on product at the company), which was commissioned by the Human Rights Foundation, StarkWare and CMS Holdings under the ZK Rollup Research Fellowship. Co-founder Simanta Gautam presented a summary of the design at BTC++ in April 2023. The company introduced itself publicly in April 2024 and released the "ZK Rollup on Bitcoin" whitepaper as free and open-source research in June 2024. In January 2025 it announced an $8.5M strategic round and stated that its rollup, Strata, was available to developers via devnet with a public testnet planned and mainnet targeted for 2025.

Compiled by commissioned research from 5 cited public sources β€” announcements, filings, and press listed under research sources below.

Key figures

latest reported
FoundedJun 2024June 2022
GitHub stars (alpen protocol repository)Aug 2026104 stars
Public GitHub repositoriesAug 202668 repositories

Company-reported or press-reported figures, each dated to when it was claimed β€” not independently audited.

Competitors Β· 6

by search overlap
CryptoRank9 shared keywordsCryptorank is a data platform that tracks and publishes information on cryptocurrency funding rounds, project valuations, and investment activity. It aggregates and verifies funding data from public sources for the crypto market.
Membrane7 shared keywordsMembrane Labs provides an institutional infrastructure platform for digital asset credit, unifying counterparty discovery, loan workflows, and collateral management with real-time visibility, automated margin enforcement, and multi-custodian connectivity. It serves institutions engaged in crypto lending and borrowing, standardizing collateral, custody, counterparty, and post-trade operations.
Protocol Labs7 shared keywordsProtocol Labs is an innovation network connecting over 750 tech organizations developing breakthrough technologies across web3, AI, AR, VR, BCI, hardware, and related fields. Organizations collaborate to solve shared problems and accelerate R&D across technological frontiers.
chainlink5 shared keywordsChainlink Labs builds and operates the Chainlink platform, infrastructure for onchain finance that connects blockchains with financial institutions, asset managers, and DeFi protocols. It serves capital markets, financial market infrastructures, and decentralized finance projects in the tokenized asset economy.
Coinbase5 shared keywordsCoinbase is a cryptocurrency exchange platform that offers trading, custody, and financial services for cryptocurrencies, stocks, derivatives, and prediction markets to consumers, institutions, and developers. The company operates a full-stack infrastructure including secure custody, liquidity services, stablecoin infrastructure, and global settlement rails.
Aptos4 shared keywordsAptos Labs develops a Layer 1 blockchain platform using the Move programming language and parallel execution technology, serving developers and users building decentralized applications.

Companies competing with Alpen Labs for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline Β· 5

launches, deals, and filings
Jan 2025
Alpen Labs announces $8.5M strategic round co-led by DBA and Cyber Fund

Alpen Labs announced an $8.5M strategic round co-led by DBA and Cyber Fund, with prior seed investors Ribbit Capital, Castle Island Ventures and Geometry participating. Proceeds were earmarked for development and the mainnet launch of Strata, the company's bitcoin ZK rollup, in 2025.

$8.5M source β†—

Jan 2025
Strata devnet available to developers

Alpen Labs stated developers could already build on Strata via devnet access, with a public testnet release upcoming and mainnet planned for 2025.

source β†—

Jun 2024
Publication of the "ZK Rollup on Bitcoin" whitepaper

Alpen Labs released its "ZK Rollup on Bitcoin" whitepaper as free and open-source research, and stated that work on that soft-fork-dependent design was paused in favor of a rollup design buildable on bitcoin today based on its SNARKnado research.

source β†—

Apr 2024
Alpen Labs publishes public introduction

The company published "Alpen: At the convergence of two revolutions," describing its focus on native bitcoin scaling solutions and a planned ZK-enabled rollup ecosystem settling through the bitcoin network.

source β†—

Apr 2023
Rollup design presented at BTC++

Co-founder Simanta Gautam presented a summary of the company's zk rollup design in a talk at BTC++.

source β†—

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

β–ΈResearch sources Β· 5

primary sources listed

5 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Alpen Labs do?
Alpen Labs builds Strata, a zero-knowledge rollup on bitcoin for private, programmable and scalable financial applications.
Who founded Alpen Labs?
Alpen Labs was founded by Abishkar Chhetri, Pramod Kandel, Simanta Gautam.
Who are Alpen Labs's investors?
Alpen Labs's investors include Castle Island Ventures, Hivemind Ventures, Llc, Launchpad Capital, Mirana Ventures, Resolute Ventures, STILLMARK, Asymmetric, DBA and 2 more.
Where is Alpen Labs headquartered?
Alpen Labs is headquartered in New York City, US.