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CDS Startups The Announcing New Funding of $200 Million to Speed Up the zkSync Mission

Startups

The Announcing New Funding of $200 Million to Speed Up the zkSync Mission

lectertodd01/12/20221 Mins read383

The Announcing New Funding of $200 Million to Speed Up the zkSync Mission

Recently, the Series C round, which sponsors by Lightspeed, Variant, and a16z, was successfully concluded. The round leads by Blockchain Capital and Dragonfly Capital.

Table of Contents

Recent Developments in zkSync

zkSync announced the completion of a $200 million Series C financing round jointly led by Blockchain Capital and Dragonfly Capital. Moreover, it also announced its open-source MIT License and its recent partnership with blockchain security giant OpenZeppelin.

C Series Round and Mission

The most recent Series C round takes the mission’s total funding to $458 million. Included in this are an independent $200 million ecosystem fund, a16z’s led $50 million Series B round, and $8 million in Series A and Seed Round. In addition, they aim to use the C-series for the following purposes:

Starting first-party Matter Labs projects on zkSync
Supporting initiatives in the third-party ecosystem created by other teams
Develop Matter University, the main educational + tutoring facility they operate

As a result, zkSync will continue to gain popularity among developers as they expand their staff.

References

blog.matter-labs.io

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lectertodd

Lectertodd is 25 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

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