Modular blockchain developer Lava raises $15 million, offering reward points called Magma | Headlines | News | CoinMarketCap

02/15/2024 22:21
Modular blockchain developer Lava raises $15 million, offering reward points called Magma | Headlines | News | CoinMarketCap

Lava Network, a modular blockchain infrastructure developer, has raised $15 million in a seed funding round ahead of its mainnet launch. Jump …

Lava Network, a modular blockchain infrastructure developer, has raised $15 million in a seed funding round ahead of its mainnet launch.

Jump Capital, Hashkey Capital and Tribe Capital co-led the round, with North Island Ventures, Dispersion Capital, Alliance DAO, Finality Capital Partners, and others participating, Lava said Thursday. Unidentified executives from Celestia, Cosmos, StarkWare, Filecoin and other blockchain ecosystems also participated in the round, Lava added.

Lava was founded in 2022. The firm's CEO Yair Cleper declined to comment on when Lava began raising for the seed round and when it closed. He also declined to comment on the structure of the round and valuation. 

What is Lava Network?

Lava is a modular blockchain network focused on providing data access …

Read more --->