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Ark - Pre-Seed
Overview
Funding Date
August 22, 2024
Financing amount
$2.5M
Valuation
--
Category
About Ark - Pre-Seed
Ark Labs announced the completion of a $2.5 million Pre-Seed round of financing, led by Tim Draper and Draper Ventures, with participation from Fulgur Ventures, Axiom Capital and Bitcoin angel investor Stephen Cole.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Angel Investor | United States of America | 2019 | 12 | [email protected] | ||
| Fund | United States of America | 1985 | 23 | [email protected] | ||
| Fund | United States of America | 2019 | 19 | [email protected] | ||
| Uncategorized | Unknown | -- | 6 | -- | ||
| Angel Investor | United States of America | -- | 2 | -- |
Company Profile / Project Introduction
Ark is a Bitcoin Layer 2 payments network, aiming to deliver a more simplified user experience while retaining self-custody. Unlike the Lightning Network, users don't need to manage payment channels or inbound/outbound liquidity to make payments. Users also don't need to set up their own nodes, only requiring a light wallet on a smartphone to start sending and receiving self-custodial Ark payments, according to the team.