USA – Orb Labs, a New York-based blockchain interoperability company, raised $4.5M in Seed funding.
The round was led by Bain Capital Crypto, with participation from Shima Capital, 6th Man Ventures, Aves Lair, Newman Capital, Modular Capital, and SevenX Ventures.The company intends to use the funds to finalize its two standalone products which are Earlybird and MagicLane, that are going to be launched in the coming months, expand its team, accelerate its product development, scale technology capabilities, and perform security audits ahead of its official launch. Led by Richard Adjei and Felix Madutsa, Orb Labs provides protocols that enables developers to build a wide range of products including cross-chain exchanges, computationally expensive applications on Ethereum, like lending and yield farming protocols, and minimized native bridges that allow users to move funds securely and seamlessly between chains. The company is already in conversation with several DeFi, L1/L2 developers, and other developers who are exploring ways to use Earlybird and MagicLane to connect their fragment communities and improve their applications’ usability and security.Orb Labs is currently hiring across its software engineering, marketing and community management, as well as partnerships, integrations, and business development teams.14/02/2023
