Lightning Labs receive $10 Million Investment  

David Airben

Investing 3 years ago
Post Image
Lightning Labs, a company that’s at the very forefront of Lightning Network development, has raised $10 million in a Series A funding round. The news was announced in a Medium post by Lightning Labs founder and CEO Elizabeth Stark. Stark says the funding will be used to “further develop our Lightning payments technology and scale the developer ecosystem”.

The Series A round was led by Craft Ventures, a San Francisco-based venture capital firm. Other participants in the round included Ribbit Capital, RRE, M13, Slow, and a number of individual investors.

Key Highlights:
- Lightning Labs has raised $10 million in a Series A funding round led by Craft Ventures
- The company has also released its first commercial product
- The Lightning Network is widely regarded as the most promising approach for scaling Bitcoin
  • Lightning labs
  • Cryptocurrency news
  • Blockchain
  • Bitcoin