According to Foresight News, Saakuru Labs, a consumer-centric L2 protocol, has successfully raised $2.4 million in a private funding round. The round was led by Based VC and ARC Community, with participation from a number of other investors.
These investors include Kyber Network, PG Capital, Wizard Capital, Decubate Ventures, Oracles Investment Group, BCW Ventures, Steady Stack, W3GG, Calib3r, Rarible, Worlds Beyond, Uptrend Digital, Arclight Studio, and IBC Group. The funding will be used to further develop and expand the protocol, although specific plans for the funds have not been disclosed.
This funding round marks a significant milestone for Saakuru Labs, demonstrating the confidence of investors in the potential of the L2 protocol. The participation of a diverse group of investors also indicates a broad interest in the project, suggesting a promising future for Saakuru Labs.
