Offchain Labs Raises $120M in Funding

06 Sep, 2021

Offchain Labs Raises $120M in Funding
Photo by Daniele D'Andreti on Unsplash

– Offchain Labs is a NYC-based provider of scaling solutions for Ethereum.
– The company raised $120m in Series B funding.
– The round was led by Lightspeed Venture Partners with participation from Polychain Capital, Ribbit Capital, Redpoint Ventures, Pantera Capital, Alameda Research, Mark Cuban and others.
– The new funding will be used to scale the team, further develop the Arbitrum One ecosystem, build out new scaling solutions in its pipeline and invest in R&D.

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