CoinVoice has recently learned that Ethereum scaling infrastructure developer Spire Labs has completed a $7 million seed round financing, led by Maven 11 Capital and Anagram, with participation from a16z Crypto Startup Accelerator, Digital Currency Group, Bankless Ventures, Volt Capital, Finality Capital, as well as angel investors Nick White and Jacob Arluck from Celestia Labs, and Amrit Kumar and Anthony Sassano from AltLayer.
Spire Labs co-founder Kaito Yanai stated that the company began seed round financing in June and completed the financing earlier this month. Yanai mentioned that this financing is in the form of a Simple Agreement for Future Equity (SAFE). Spire Labs is currently developing the first testnet for Based Stack, planning to launch it by the end of this year, and added that the mainnet is scheduled to launch in the first quarter of 2025.
Spire is a crypto startup focused on Ethereum scaling, developing 'Based Stack', a framework designed to enable builders to deploy application-specific chains or application chains. [Original link]
