According to Odaily Planet Daily, Bitcoin payment company Ark Labs has completed a $2.5 million pre-seed round of financing, led by Draper Associates, with participation from Fulgur Ventures, Axiom Capital and angel investor Stephen Cole. Ark Labs was launched in May and plans to develop a new Bitcoin Layer2 payment network based on the Ark protocol. Draper Associates has participated in seed rounds for companies such as Tesla, Skype and Hotmail.