Monad Labs joined the Unicorn Club on April 09, 2024, after raising a Series A funding round. Founded in 2022, Monad Labs is a decentralized, developer-forward layer-1 smart contract platform focused on blockchain infrastructure. The company is valued at $3 billion as of March 12, 2024, with a total funding of $248 million.
Keep reading to explore Monad Labs’ funding history, key investors, and what’s next for this blockchain infrastructure innovator.
What Is Monad Labs and What Does It Do?
Monad Labs is a New York City, New York, United States-based company that builds a performance-oriented blockchain platform using fundamental engineering principles. The layer1 smart contract platform is designed to be developer-friendly, focusing on scalability, efficiency, and secure transaction execution.
The platform aims to provide a robust foundation for decentralized applications (dApps) while supporting a high-performance architecture for blockchain developers and enterprises.
How Much Funding Has Monad Labs Raised?
- Series A
- Amount Raised: Undisclosed (part of total $248M)
- Date: May 21, 2024
- Lead Investors: Greenoaks, Naval Ravikant
- Motivation: To scale platform development, expand developer adoption, and enhance blockchain infrastructure.
Total Funding Raised: $248M
Current Valuation: $3B (as of March 12, 2024)
Latest Funding Date: May 21, 2024
Key Investors
- Greenoaks Capital
- Details: Venture capital firm investing in early to growth-stage technology companies.
- Investment Focus Areas: Blockchain, fintech, and decentralized technologies.
- Naval Ravikant
- Details: Angel investor and entrepreneur with a focus on disruptive technologies.
- Investment Focus Areas: Blockchain, startups, decentralized systems.
Where Is Monad Labs’ Headquarters?
Monad Labs is headquartered in New York City, New York, United States, providing access to a vibrant tech ecosystem, top blockchain talent, and strategic industry partnerships.
What’s Next for Monad Labs?
Monad Labs is focused on expanding its Layer 1 smart contract platform, improving performance, scalability, and the developer experience. With backing from Greenoaks and Naval Ravikant, the company plans to accelerate adoption among decentralized application developers and strengthen its position in the blockchain infrastructure sector.
Monad Labs aims to become a leading developer-oriented blockchain platform with robust, high-performance architecture.
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