Drift Labs raised $25M in a Series B led by Multicoin Capital to expand its decentralized exchange platform and double its staff from 25 to 50.
Amount Raised
$25 Million
Round Type
Series B
SydneyBlockchainCryptocurrencyInvestors
Description
Drift Labs, a decentralized exchange platform built on Solana, has secured $25 million in a Series B funding round led by Multicoin Capital, with participation from Blockchain Capital, Primitive Ventures, and Folius Ventures. The funding will help the company expand its suite of financial services and its team significantly over the next year.
Quick answer
Drift Labs raised $25 Million in a Series B round, dated September 19, 2024. Investors: Folius Ventures, Primitive Ventures, Blockchain Capital and Multicoin Capital. Drift Labs is based in Sydney, New South Wales, Australia.
- How much did Drift Labs raise?
- Drift Labs raised $25 Million in a Series B round on September 19, 2024.
- Who invested in Drift Labs?
- Folius Ventures, Primitive Ventures, Blockchain Capital and Multicoin Capital are named as investors in this round.
- What does Drift Labs do?
- Drift Labs is a decentralized exchange platform built on the Solana blockchain.
- Where is Drift Labs based and how big is it?
- Drift Labs is based in Sydney, New South Wales, Australia.
- Who are the decision-makers at Drift Labs?
- Fundz holds 1 contact at Drift Labs. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Blockchain and Cryptocurrency around the same time
Companies in the same sectors as Drift Labs that raised within 45 days of this round, from Fundz verified event records.
- Citrea raised $14M (Series A) on October 31, 2024.
- Reflexivity raised $30M (Series B) on October 28, 2024.
- Borderless.xyz raised $3M (Pre-Seed) on October 23, 2024.
- Variational raised $10M (Seed) on October 23, 2024.
- Monark Markets raised $2.2M (Seed) on October 22, 2024.
- Azura raised $6.9M (Seed) on October 22, 2024.
Who to call at Drift Labs, and when
A new round usually means Drift Labs is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Drift Labs raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Drift Labs, from your own LinkedIn network
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Funding Insights
What this usually meansDrift 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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