Nitro Labs October 2024 Seed Funding Round

Nitro Labs recently completed a $4 million seed funding round on October 31, 2024. The round was led by Lemniscap, with additional investments from Chorus Ventures, Borderless Capital, Race Capital, Flowdesk, Animoca Ventures, No Limit Holdings, Finality Capital Partners, P-OPS Team, bitscale capital, and several angel investors, including notable figures from Tensor, Solana Foundation, and Jump Crypto. The funding is aimed at advancing Nitro Labs' technological offerings within blockchain ecosystems, focusing on scalability and Layer 2 solutions across platforms like Cosmos and Solana.