PANews reported on June 10 that according to NFTgators, Web3 startup Nexus Labs completed a $25 million Series A financing round, led by Lightspeed Venture Partners and Pantera Capital, with participation from Dragonfly Capital, Faction Ventures and Blockchain Builders Fund. Nexus plans to use the new funds to expand its team and develop more products. This round of financing brings Nexus Labs' total financing to $27.2 million, after the company completed a $2.2 million seed round in 2022, led by Dragonfly. It is reported that Nexus Labs is committed to building zero-knowledge privacy tools to support technologies such as artificial intelligence, network security, cloud computing and privacy enhancement.
