According to Odaily, Bitcoin protocol layer Surge has successfully raised $1.8 million in a pre-seed funding round. The investment was led by Autonomy, Gerstenbrot Capital, Double Peak Group, Sats Ventures, Vamient Capital, and Samara AG. Additionally, angel investors including Rushi Manche from Movement Labs and CoinGecko co-founders Bobby Ong and TM Lee participated in the funding round.
The newly acquired funds will be directed towards the development of Surge's MetaLayer, which aims to maximize Bitcoin's potential as a global monetary base layer. Surge has announced plans to launch its testnet in the near future.