March 11, 2024
Eclipse Labs has secured $50 million in a Series A funding round as it prepares to launch its Layer-2 mainnet. The company integrates technology from Solana, Celestia, Ethereum, and RISC Zero to provide a scalable and secure blockchain solution. This funding will support Eclipse Labs in filling key positions in growth, HR, and research.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
Eclipse | Mar 11, 2024 | $50M | Series A | $65M | Hack VC | Web3 |
Founded two years ago, Eclipse Labs aims to enhance the performance of decentralized applications by combining Solana's speed with Ethereum's security. The company's previous funding round in September 2022 valued it at nine figures, although the current valuation has not been disclosed.
Eclipse Labs’ technology allows decentralized applications built for Solana to operate on its platform with minimal adjustments. Major Solana protocols, including the lending platform Solend, have committed to deploying on Eclipse, indicating the project's potential impact on both Solana and Ethereum ecosystems.
The upcoming mainnet launch will focus on providing developers with the necessary tools and infrastructure for building and testing applications. Eclipse Labs plans to decentralize its governance over time, though it has not yet committed to launching a governance token.
About Eclipse Labs:
Eclipse Labs is a blockchain company based in San Francisco. It aims to create scalable solutions for Ethereum and Solana by leveraging a mix of advanced technologies. The company focuses on improving the performance and security of decentralized applications.
Website: https://www.eclipse.xyz/
X Account: https://x.com/EclipseFND
X Followers today: 87,887
X Followers 30 days ago: 75,394
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About Investor
Investor: Hack VC
Hack VC is a venture capital firm specializing in early-stage investments in blockchain and Web3 technologies. Based in San Francisco, Hack VC supports projects that push the boundaries of technology and finance.
Location: United States
Website: https://www.hack.vc/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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