Movement Labs - Series A
Overview
Funding Date
April 25, 2024
Financing amount
$38M
Valuation
--
Category
Subcategory
About Movement Labs - Series A
Movement Labs, a blockchain company that aims to bring Facebook's Move Virtual Machine to Ethereum, has secured $38 million in a Series A financing round led by Polychain Capital. Movement's funding round saw participation from venture capital firms including Hack VC, Placeholder, Archetype, Maven 11, Robot Ventures, Figment Capital, Nomad Capital, Bankless Ventures, OKX Ventures, dao5, and Aptos Labs – the company behind Aptos.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2017 | 83 | ed@hack-vc.com | ||
| Fund | United States of America | 2017 | 43 | -- | ||
| Fund | United States of America | 2021 | 39 | -- | ||
| Fund | Netherlands | 2015 | 72 | joost@maven11.com | ||
| Fund | United States of America | 2019 | 128 | sayhello@robvc.com | ||
| Fund | United States of America | 2018 | 49 | -- | ||
| Corporate | Unknown | 2022 | 30 | IR@nomadcapital.io | ||
| Fund | Unknown | 2022 | 35 | -- | ||
| Corporate | Hong Kong | 2017 | 151 | support@okex.com | ||
| Fund | United States of America | 2022 | 40 | -- |
Founders & Team
Cooper Scanlon
Rushi Manche
Company Profile / Project Introduction
Movement Labs is the creator of the Movement SDK, a modular framework to build and deploy Move-based infrastructure, applications, and blockchains in any distributed environment. The team is building a suite of products and services that empower non-Move protocols to leverage the power of the Move Programming Language without writing a single line of Move code. The team's first release, M1, redefines the L1 as a Vertically Composable and Horizontally Scalable Layer 1 Framework that is Solidity-compatible, connects EVM and Move liquidity, and lets builders customize modular and interoperable app-chains with a diverse base of users and liquidity accessible out of the box.