SquadsProtocol
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Squads Labs has completed a $10 million Series A funding round, led by Electric Capital and with participation from other investors.
The funds will be used to support the company's mission to grow the on-chain economy by developing smart account technology and products that make it easy for individuals and businesses to securely manage and own digital assets.
#SquadsLabs #Squads #SquadsProtocol #TopCoinsJune2024 #Binance200M $SOL
The funds will be used to support the company's mission to grow the on-chain economy by developing smart account technology and products that make it easy for individuals and businesses to securely manage and own digital assets.
#SquadsLabs #Squads #SquadsProtocol #TopCoinsJune2024 #Binance200M $SOL
Squads Protocol raises $10M in a Series A funding round
#SquadsProtocol secures $10M in a Series A funding round led by Electric Capital with participation from Coinbase Ventures, Placeholder VC, RockawayX, L1 Digital, and angel investors. Secured funds will help Squads to enhance its protocol and help more businesses run their on-chain workflows at every stage of their lifecycle.
Squads Protocol is the multi-signature wallet standard on #Solana . Previously, the project secured $12.2M in funding rounds from Multicoin Capital, Placeholder VC, Solana Ventures, and others.
👉 theblock.co/post/299287/solana-multisig-protocol-squads-funding-fuse
#SquadsProtocol secures $10M in a Series A funding round led by Electric Capital with participation from Coinbase Ventures, Placeholder VC, RockawayX, L1 Digital, and angel investors. Secured funds will help Squads to enhance its protocol and help more businesses run their on-chain workflows at every stage of their lifecycle.
Squads Protocol is the multi-signature wallet standard on #Solana . Previously, the project secured $12.2M in funding rounds from Multicoin Capital, Placeholder VC, Solana Ventures, and others.
👉 theblock.co/post/299287/solana-multisig-protocol-squads-funding-fuse
Squads Labs Secures $10 Million in Series A Funding to Revolutionize Onchain Asset Management
San Francisco-based Squads Labs has announced a successful $10 million Series A funding round, spearheaded by Electric Capital and joined by notable investors such as RockawayX, Coinbase Ventures, L1 Digital, Placeholder, and Mert Mumtaz. The startup plans to utilize this investment to further its mission of simplifying and securing onchain transactions and asset management through its innovative smart account technology.
Since its inception in 2021, Squads Labs has evolved from serving decentralized organizations to providing solutions for traditional enterprises as well, recognizing the growing importance of onchain operations across various sectors.
A Suite of Cutting-Edge Solutions
The company has developed a suite of products designed to streamline and secure onchain processes:
Squads Protocol: A robust smart account standard for Solana and SVM, currently safeguarding over $10 billion in assets.Squads App: A trusted platform used by over 250 teams to manage a wide range of onchain assets, including treasuries, program upgrade authorities, and tokens.Fuse: A user-friendly smart wallet for individuals, focusing on eliminating seed phrases and enhancing security through wallet recovery and two-factor authentication. Fuse is currently in public beta testing for iOS.
Looking Ahead
With the new funding, Squads Labs aims to:
Fortify the security and functionality of the Squads Protocol.Enhance the Squads App for a seamless user experience.Prepare for the full launch of Fuse to empower individuals to manage their digital wealth securely.Develop a comprehensive developer toolkit for SVM smart accounts.
Join the Movement
Squads Labs welcomes individuals and teams to be part of their journey:
Individuals: Download Fuse and join the Telegram group for updates.Teams on Solana: Create an account on the Squads App.Talent: If you're passionate about onchain innovation, reach out to the team.
Stay connected with Squads Labs as they continue to pioneer advancements in the onchain landscape.
#SquadsLabs #ElectricCapital #SquadsProtocol #Funding #SVM
Since its inception in 2021, Squads Labs has evolved from serving decentralized organizations to providing solutions for traditional enterprises as well, recognizing the growing importance of onchain operations across various sectors.
A Suite of Cutting-Edge Solutions
The company has developed a suite of products designed to streamline and secure onchain processes:
Squads Protocol: A robust smart account standard for Solana and SVM, currently safeguarding over $10 billion in assets.Squads App: A trusted platform used by over 250 teams to manage a wide range of onchain assets, including treasuries, program upgrade authorities, and tokens.Fuse: A user-friendly smart wallet for individuals, focusing on eliminating seed phrases and enhancing security through wallet recovery and two-factor authentication. Fuse is currently in public beta testing for iOS.
Looking Ahead
With the new funding, Squads Labs aims to:
Fortify the security and functionality of the Squads Protocol.Enhance the Squads App for a seamless user experience.Prepare for the full launch of Fuse to empower individuals to manage their digital wealth securely.Develop a comprehensive developer toolkit for SVM smart accounts.
Join the Movement
Squads Labs welcomes individuals and teams to be part of their journey:
Individuals: Download Fuse and join the Telegram group for updates.Teams on Solana: Create an account on the Squads App.Talent: If you're passionate about onchain innovation, reach out to the team.
Stay connected with Squads Labs as they continue to pioneer advancements in the onchain landscape.
#SquadsLabs #ElectricCapital #SquadsProtocol #Funding #SVM
