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Soda Labs raises $3M from NextBlock to build privacy infrastructure for regulated on-chain money. The seed funding will expand Bubble across multiple blockchain networks.
PRIVATEOct 08, 2026
Amount Raised
$3 Million
Round Type
Seed
Blockchain
Investors
NextBlock
Description
Soda Labs disclosed a $3 million seed round funded entirely by NextBlock, a Luxembourg-based venture firm. The capital will enable the company to expand its Bubble privacy layer from COTI to Ethereum, Polygon, Arbitrum, Base, and eventually Solana. Bubble is a chain-agnostic coprocessor that processes private workloads without exposing data to outside parties. The funds will support commercial adoption and transition the company from pilots to production over the next 12 to 18 months.
Company Information
Company
Soda Labs
About
Soda Labs is a privacy infrastructure company building tools for banks and payment firms to move regulated money on public blockchains while preserving privacy on transaction details such as balances, amounts, and counterparties. The company developed Bubble, a chain-agnostic coprocessor that uses garbled-circuit multiparty computation to perform calculations on encrypted data without exposing sensitive information. Bubble is currently active on Ethereum, Arbitrum, Base, and Polygon, with Solana integration planned. Soda Labs has achieved significant performance improvements, processing 500 confidential transactions per second on Arbitrum with three granted US patents and audited security.
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