Tech Company Financing Transactions
Smooth Labs Funding Round
NGC Ventures, ArkStream Capital and Cogitent Ventures joined a $2 million Seed funding round for Smooth Labs. The funding round was recorded on 3/14/2023.
Transaction Overview
Company Name
Announced On
3/14/2023
Transaction Type
Venture Equity
Amount
$2,000,000
Round
Seed
Investors
Proceeds Purpose
Smooth is building blockchain infrastructure focused on the parallel execution of transactions.
Company Information
Company Status
Private & Independent
Industry
Blockchain
Mailing Address
Undisclosed
Singapore, Undisclosed
SG
Singapore, Undisclosed
SG
Phone
Undisclosed
Website
Email Address
Overview
Developer of a decentralized sequencer designed to enable parallel transactions, elastic resource allocation, and improved security through decentralization. The company platform's features include a state verification machine for efficient on-chain data modification, a DAG graph for parallel transactions, and a dual-vote system for decentralized sequencing, enabling developers and businesses to improve their layer 2 execution through increased transaction processing speed, greater on-chain resource allocation flexibility, and enhanced security measures against attacks.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Co-Founder
Lucie Chen
Co-Founder
Soth Gong
Co-Founder
Jizhou Wei
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