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Ether Infrastructure Developer Spire Labs Closes $7 Million Seed Round Led by Maven 11 Capital and Anagram

Ether Infrastructure Developer Spire Labs Closes $7 Million Seed Round Led by Maven 11 Capital and Anagram

Bitget2024/10/31 14:33
ALT-2.22%ETH-1.14%ALTOLD0.00%

On October 31, Spire Labs, an ethereum scaling infrastructure developer, closed a $7 million seed round led by Maven 11 Capital and Anagram, with participation from a16z Crypto Startup Accelerator, Digital Currency Group, Bankless Ventures, Volt Capital, Finality Capital, and angel investors Nick White and Jacob Arluck of Celestia Labs and Amrit Kumar and Anthony Sassano of AltLayer.

Spire Labs co-founder Kaito Yanai said the company began a seed round of funding in June and closed earlier this month, which Yanai said took the form of a simple agreement for future equity (SAFE). added that the main network is scheduled to launch in the first quarter of 2025.

Spire, a crypto startup focused on ethereum scaling, is developing the “Based Stack,” an aggregation framework designed to enable builders to deploy application-specific chains or application chains.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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