Amount Raised
$10 Million
Round Type
Series A
Investors
Description
Squads Labs, the main developer of Solana-based multisig protocol Squads, has closed a Series A funding round of $10 million led by Electric Capital. The company also launched its retail-focused iOS wallet app called Fuse on public TestFlight.
Quick answer
Squads raised $10 Million in a Series A round, dated June 10, 2024. Investors: Mert Mumtaz, L1 Digital, Rockaway X, Placeholder VC, Coinbase Ventures and Electric Capital.
- How much did Squads raise?
- Squads raised $10 Million in a Series A round on June 10, 2024.
- Who invested in Squads?
- Mert Mumtaz, L1 Digital, Rockaway X, Placeholder VC, Coinbase Ventures and Electric Capital are named as investors in this round.
- What does Squads do?
- Squads simplifies management of developer and treasury assets for teams building on Solana and SVM.
- Who are the decision-makers at Squads?
- Fundz holds 1 contact at Squads, including the Chief Business Officer. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services around the same time
Companies in the same sectors as Squads that raised within 45 days of this round, from Fundz verified event records.
- Enty raised $757K (Seed) on July 25, 2024.
- Sumitomo Mitsui Financial Group raised $494K on July 25, 2024.
- Payt Software raised $59M (Funding Round) on July 25, 2024.
- Bunch raised $16M (Series A) on July 25, 2024.
- Jarvis raised $2.4M (Seed) on July 25, 2024.
- Sokin raised an undisclosed amount on July 24, 2024.
Who to call at Squads, and when
A new round usually means Squads is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Squads raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Squads, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Squads. With Fundz connected, it knows.
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Fundz sees it the moment Squads raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Funding Insights
What this usually meansSquads raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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