Arch Labs Completes $13 Million Series A Funding, Led by Pantera Capital

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PANews
04-22
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PANews reported on April 22 that according to Chainwire, Bitcoin infrastructure company Arch Labs has completed a Series A funding round of $13 million, with a valuation of $200 million. The round was led by Pantera Capital, with participation from other strategic investors. These funds will accelerate the development and release of ArchVM, which can enable fast, secure, and fully verifiable smart contract functionality on Bitcoin.

According to the introduction, Arch Labs is a software development company and a core contributor to Arch Network. Arch Network is a bridgeless execution platform that can implement smart contract-like functions on Bitcoin. Previously, Arch Labs raised $7 million, led by Multicoin Capital.

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