Tech Company Financing Transactions
Sovereign Labs Funding Round
Sovereign Labs scored $7.4 million from Haun Ventures and private investors.
Transaction Overview
Company Name
Announced On
1/30/2023
Transaction Type
Venture Equity
Amount
$7,400,000
Round
Seed
Investors
Haun Ventures (Lead Investor)
Proceeds Purpose
The capital will be used to build its SDK and hire protocol engineers and researchers with expertise in blockchains and their frameworks, Özer said. Its SDK wants to help Rust (and eventually C++) developers to use ZK technology across any blockchain without having to be experts in cryptography, both the co-founders said.
Company Information
Company Status
Private & Independent
Industry
Blockchain
Mailing Address
Undisclosed
Undisclosed, Undisclosed
USA
Undisclosed, Undisclosed
USA
Phone
Undisclosed
Website
Email Address
Overview
We believe blockchains should support billions of users without sacrificing security. Scaling should be simple. To get there, zero knowledge has to be accessible to developers without a PhD in cryptography, and rollups has to be accessible to developers who aren't expert protocol engineers. With Sovereign SDK, it finally will be. The Sovereign SDK will always be free and open source, and we are committed to engineering every part of the stack for maximum resilience.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Cem Özer
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We do our best to record funding rounds that are announced publicly. VC investment data records on this site are derived from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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