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Eclipse Labs raises $50 million in a Series A funding round co-led by Placeholder and Hack VC to develop an Ethereum Layer-2 solution using the Solana Virtual Machine (SVM).

Mar 11, 2024over 1 year ago

Amount Raised

$50 Million

Round Type

series a

Investors

Okx VenturesApollo Global ManagementGsrFlow TradersFenbushi CapitalDbaMaven 11Delphi DigitalPolychain CapitalHack VcPlaceholder

Description

Eclipse Labs, a Layer 2 developer, has raised a $50 million Series A funding round co-led by Placeholder and Hack VC. The funding will be used to develop an Ethereum Layer-2 solution using the Solana Virtual Machine (SVM) to offer a differentiated Layer 2 solution.

Company Information

Company

Eclipse Labs

About

A Layer 2 developer focusing on creating a highly composable Ethereum Layer 2 chain.

FundzWatch™ Score

60
Medium Activity

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech