Tech Company Financing Transactions
Skale Labs Funding Round
Multicoin Capital, Aspect Ventures and Blockchange Ventures participated in a $9.7 million funding round for Skale Labs. This venture round closed on 10/5/2018.
Transaction Overview
Company Name
Announced On
10/5/2018
Transaction Type
Venture Equity
Amount
$9,650,000
Round
Undisclosed
Investors
Proceeds Purpose
The company said it will use the funds to launch the Skale Network, a fully permissionless, open source, peer-2-peer network, and the Skale Foundation, a nonprofit organization dedicated to the Skale Network -- similar to the way the Ethereum Foundation supports the Ethereum Network. Skale will be the first implementation of the Ethereum Virtual Machine (EVM) on a Plasma chain.
Company Information
Company Status
Private & Independent
Industry
Blockchain
Mailing Address
655 Montgomery St.
San Francisco, CA 94111
USA
San Francisco, CA 94111
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
SKALE is paving the path for the next generation of Blockchain Consensus. Decentralized Systems need greater throughput and lower transaction fees in order to meet the requirements of Decentralized Applications (dApps). Currently dApps with high frequency transactions are being made unusable due to latency and high transaction fees.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jack O'Holleran
Chief Technical Officer
Stan Kladko
VP - Engineering
Dmytro Stebaiev
VP - Product Management
Chadwick Strange
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Where The Data Comes From
We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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