Tech Company Financing Transactions

MegaLabs Funding Round

Dragonfly Capital, Big Brain Holdings and Figment Capital participated in a $20 million Seed funding round for MegaLabs. The financing round was announced on 6/27/2024.

Transaction Overview

Company Name
Announced On
6/27/2024
Transaction Type
Venture Equity
Amount
$20,000,000
Round
Seed
Proceeds Purpose
The fresh round of capital will go towards building out the MegaETH protocol, with the aim of having a testnet go live in the next few months.

Company Information

Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
Undisclosed
Undisclosed, Undisclosed
Undisclosed
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
MegaLabs, the main developer firm behind a new Ethereum scaling protocol designed to be so fast it's considered "real-time.
Profile
MegaLabs LinkedIn Company Profile
Social Media
MegaLabs Company Twitter Account
Company News
MegaLabs News
Facebook
MegaLabs on Facebook
YouTube
MegaLabs on YouTube

Management Team

Title
Name
Email & Social
Co-Founder
Yilong Li
  Yilong Li LinkedIn Profile  Yilong Li Twitter Account  Yilong Li News  Yilong Li on Facebook


 

 

Browse more venture capital transactions:

Prev: 6/27/2024: KarmaCheck venture capital transaction
Next: 6/27/2024: Synthflow venture capital transaction

 

Share this article

 


About Our Venture Capital Transactions Database

We do our best to report on every notable VC transaction. All VC database entries reported here are derived from company press releases and news coverage. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary