Ark Labs raised $2.5 million in a pre-seed funding round led by Tim Draper to enhance Bitcoin payment processing and user experience.
Amount Raised
$2.5 Million
Round Type
Pre-Seed
LuganoFintechBlockchainCryptocurrencyBitcoinInvestors
Description
Ark Labs announced the completion of a $2.5 million pre-seed funding round led by Tim Draper and Draper Associates. The funding aims to accelerate efforts to simplify Bitcoin transactions and support the adoption of Bitcoin's Layer 2 solutions.
Quick answer
Ark Labs raised $2.5 Million in a Pre-Seed round, dated August 22, 2024. Investors: Draper Associates and Tim Draper. Ark Labs is based in Lugano, Ticino, Switzerland.
- How much did Ark Labs raise?
- Ark Labs raised $2.5 Million in a Pre-Seed round on August 22, 2024.
- Who invested in Ark Labs?
- Draper Associates and Tim Draper are named as investors in this round.
- What does Ark Labs do?
- Ark Labs is scaling Bitcoin with Ark, a new layer two protocol for fast, low-cost, seamless payments.
- Where is Ark Labs based and how big is it?
- Ark Labs is based in Lugano, Ticino, Switzerland.
- Who are the decision-makers at Ark Labs?
- Fundz holds 1 contact at Ark Labs. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Fintech and Blockchain around the same time
Companies in the same sectors as Ark Labs that raised within 45 days of this round, from Fundz verified event records.
- Helix Labs raised $2M (Pre-Seed) on September 23, 2024.
- True Markets raised $9M (Seed) on September 18, 2024.
- Yellow Network raised $10M (Seed) on September 17, 2024.
- Bitstaker raised $6M (Series A) on September 11, 2024.
- Stewards, Inc. raised an undisclosed amount on August 22, 2024.
- Sling Money raised $15M (Series A) on August 14, 2024.
Who to call at Ark Labs, and when
A new round usually means Ark Labs is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Ark Labs raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Ark Labs, from your own LinkedIn network
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Fundz sees it the moment Ark Labs raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Ark Labs raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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