Ark Labs Raises $2.5 Million in Pre-seed Funding to Enhance Bitcoin Ecosystem
CryptoNewsTerminal Staff22 Aug, 2024
Ark Labs Raises $2.5 Million in Pre-seed Funding to Enhance Bitcoin Ecosystem
Ark Labs, an innovative Layer 2 project, has recently announced securing $2.5 million in pre-seed funding led by Tim Draper and Draper Ventures. Notable investors like Fulgur Ventures and Axiom Capital also participated in this funding round. These funds will be utilized to expand Ark Labs' team and accelerate the development of its project. Built by the team behind Arc Protocol, Ark Labs aims to establish a comprehensive BTC payment ecosystem. This strategic investment will contribute to their mission of providing enhanced solutions for the Bitcoin network.