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Fuel Labs Announces $1.5 Million Of Support Led By Coinfund

Sep 21, 2021•almost 4 years ago

Amount Raised

$1.5 Million

Round Type

seed

Description

Fuel Labs, which is building permissionless and trustless layer-2 protocols for Ethereum, today announced $1.5M USD of support led by blockchain-focused investment firm CoinFund. Other participants include Fenbushi Capital and Origin Capital.

Company Information

Company

Fuel Labs

About

Fuel Labs is a global decentralized group of passionate developers building the future of blockchain scalability technology. As the leader in blockchain scaling innovation, its engineers created the optimistic rollup design paradigm and have contributed to advancing the frontier of rollup, blockchain virtual machine, and safe smart contract programming language research. Fuel Labs deployed the first-ever optimistic rollup to mainnet Ethereum last year.