Movement Labs raises $38 million in a Series A funding to build layer-2 blockchain on Ethereum with Facebook tech
Amount Raised
$38 Million
Round Type
Series A
San FranciscoSoftwareBlockchainCryptocurrencyInvestors
Description
Movement Labs, a San Francisco-based software development team, has closed a $38 million Series A funding round led by Polychain Capital, with participation from other digital assets-focused investors including Hack VC, dao5, and Robot Ventures. The funding will be used to differentiate Movement by building the first layer-2 blockchain atop Ethereum that utilizes Move, a programming language originally built by Facebook for Diem, its ill-fated stablecoin project.
Quick answer
Movement Labs raised $38 Million in a Series A round, dated April 25, 2024. Investors: Robot Ventures, Dao5, Hack VC and Polychain Capital. Movement Labs is based in San Francisco, California, United States.
- How much did Movement Labs raise?
- Movement Labs raised $38 Million in a Series A round on April 25, 2024.
- Who invested in Movement Labs?
- Robot Ventures, Dao5, Hack VC and Polychain Capital are named as investors in this round.
- What does Movement Labs do?
- Movement Labs is a San Francisco-based software development team that is building a layer-2 Ethereum blockchain.
- Where is Movement Labs based and how big is it?
- Movement Labs is based in San Francisco, California, United States. Fundz records about 46 employees.
- Who are the decision-makers at Movement Labs?
- Fundz holds 1 contact at Movement 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 Movement Labs that raised within 45 days of this round, from Fundz verified event records.
Who to call at Movement Labs, and when
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- Who you already know at Movement Labs, from your own LinkedIn network
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