Tech Company Financing Transactions
Movement Labs Funding Round
Movement Labs, based in San Francisco, received $38 million in funding from Polychain Capital, Aptos and Archetype.
Transaction Overview
Company Name
Announced On
4/25/2024
Transaction Type
Venture Equity
Amount
$38,000,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to bring Facebook's Move Virtual Machine to Ethereum, addressing smart contract vulnerabilities and enhancing transaction throughput.
Company Information
Company Status
Private & Independent
Industry
Blockchain
Mailing Address
Undisclosed
San Francisco, CA Undisclosed
USA
San Francisco, CA Undisclosed
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
At Movement Labs, we've seen what happens when monolithic L1s control the progress of decentralized technologies. We've come together to share our passion for Move with the industry and make our favorite programming language available to as many people around the world as possible.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Founder
Rushi Manche
Founder
Cooper Scanlon
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