Community Labs Raises $30 Million To Power Software Development And Venture Studio For Arweave’s Permanent Storage Blockchain Ecosystem
Community Labs Raises $30 Million To Power Software Development And Venture Studio For Arweave’s Permanent Storage Blockchain Ecosystem
09/08/22, 4:37 PM
Location
jersey cityMoney raised
$30 million
Industry
blockchain
software
Community Labs has raised $30 million to power software development and a venture studio focused on supporting Arweave adoption, ecosystem growth, and protocol development. The funding round was led by Lightspeed Venture Partners with participation from industry leaders Arweave, Bain Capital Crypto, Blockchain Capital, Distributed Global and Road Capital Management alongside others.
Company Info
Location
n alamo st
jersey city, new jersey, united states
Additional Info
Community Labs is an Arweave-native software development company and venture studio for products and protocols built on the permaweb. Community Labs is modeled after the Ethereum software development company ConsenSys and is focused on developing foundational-level infrastructure for the next thousand developers and million users of Arweave’s permanent storage blockchain. Tate Berenbaum, founder and CEO, has been building on Arweave since 2019 and has experience bringing several foundational protocols to market.