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Union Labs Raises $12M in Series A Round to Expand Cross-Chain Interoperability

Dec 03, 2024•over 1 year ago

Contract Type

partnership

DoverSecurity

Description

Union Labs has raised $12 million in a Series A round co-led by Gumi Cryptos Capital and Longhash Ventures, bringing the total raised to $16 million. The company plans to use the fresh capital to expand its core teams, advance partner integrations, and accelerate ecosystem growth. The fundraising reflects the team’s dedication to reducing fragmentation by bringing secure, sovereign, and seamless interoperability to Web3.

Company Information

Company

Union Labs

Location

Dover, Delaware, United States

About

Union is the interoperability layer built for the next century. Union's trustless bridge uses zero-knowledge proofs to connect any appchains, L1s, and L2s without depending on trusted third parties, oracles, multi-signatures, or MPC. Union is building ZK solutions that remedy the cost and security issues plaguing the industry to unlock a horizontally-scaled future, where thousands of chains can permissionlessly connect, communicate, and prosper.

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