TLDR:
- Arbelos Markets secured $28 million in funding led by Dragonfly Capital.
- Lagrange Labs raised $13.2 million seed funding led by Founders Fund.
In a recent flurry of funding activities in the blockchain and cryptocurrency space, several projects have secured venture capital backing to accelerate their growth and development:
Arbelos Markets, a New York-based liquidity provider in the crypto derivatives market, raised $28 million in funding from Dragonfly Capital, Room40 Ventures, Selini Capital, Breed VC, FalconX, and Circle Ventures. This funding will be used to enhance their quant trading infrastructure and expand their product offerings.
Lagrange Labs, a blockchain computation startup in New York, secured $13.2 million in seed funding from Founders Fund, Archetype Ventures, 1kx, Maven11, Fenbushi Capital, Volt Capital, CMT Digital, and Mantle Ecosystem Fund. The company aims to improve computations on blockchain networks.
ZKM, an Ethereum scaling startup, received $5 million in pre-seed funding led by OKX Ventures, with participation from Amber, Metis Foundation, and Crypto.com. This funding will help enhance Ethereum’s scalability solutions and position ZKM as a key player in the ecosystem.
Volta, a non-custodial crypto platform based in Las Vegas, raised $4.1 million in seed funding from Fika Ventures, Haven Ventures, Soma Capital, Dispersion Capital, and Uphonest Capital. Their flagship product, Volta Circuit, aims to provide enhanced speed, security, and compliance for institutional investors.
Hemera, a web3 infrastructure startup in San Francisco, confirmed $2.6 million in funds co-led by LIF Capital and Nomad Capital, with participation from SNZ, Chainlink, and notable angel investors. Their approach to decentralized indexing and data processing has the potential to revolutionize the Web3 ecosystem.
Overall, these recent funding rounds highlight the growing interest and investment in blockchain and cryptocurrency projects, signaling a positive outlook for the industry’s future development and innovation.
