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VisitLeading Investment Firm in Next Funding Round for Movement Labs by 2025
Polychain • 25%
Hack VC • 25%
a16z • 25%
Sequoia • 25%
Press releases from Movement Labs or financial news coverage
Movement Labs, Led by Young Founders, Raises $38M for Ethereum L2 with Move Language
Apr 25, 2024, 02:47 PM
Movement Labs, co-founded by a 21 and 24-year-old, has successfully raised $38 million in a Series A funding round led by Polychain to develop Movement L2, a layer-2 Ethereum blockchain. The project will utilize Move, a programming language originally developed by Facebook, now Meta, and will incorporate Celestia for data availability. This initiative aims to enhance the Ethereum ecosystem by incorporating Move's capabilities for secure and high-throughput transactions, including the availability of TIA and stTIA tokens. The funding round also saw participation from other investors including Hack VC.
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Polychain • 20%
Andreessen Horowitz • 20%
Sequoia Capital • 20%
Union Square Ventures • 20%
None • 20%
Google • 25%
Microsoft • 25%
Amazon • 25%
IBM • 25%
Sequoia Capital • 25%
Andreessen Horowitz • 25%
SoftBank • 25%
Benchmark • 25%
Top 3 • 25%
Top 5 • 25%
Top 10 • 25%
Outside Top 10 • 25%
Electric Capital • 25%
Coinbase • 25%
Placeholder • 25%
L1D • 25%
Lightspeed Venture Partners • 25%
Pantera Capital • 25%
Dragonfly Capital • 25%
Faction VC • 25%
Series B • 33%
Series C • 33%
No new major funding • 33%
Venture Capital • 25%
Private Equity • 25%
Crowdfunding • 25%
Government Grants • 25%
More than 5 • 20%
0-1 • 30%
2-3 • 30%
4-5 • 20%