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Movement Labs, a San Francisco-based developer focused on building a layer-2 blockchain on Ethereum, is nearing the completion of a $100 million Series B funding round, which is expected to close by the end of January 2025. The funding round is set at a valuation of $3 billion, following a previous Series A round in April 2024 that raised $38 million. The Series B round is co-led by CoinFund and Nova Fund, with investors receiving equity and the $MOVE token as part of the deal. This funding comes as the cryptocurrency market experiences renewed interest, positioning Movement Labs to enhance its blockchain capabilities and expand its ecosystem.
Congrats to @starpowerworld (ALL13) on their $4M raise! Starpower is the largest energy DePIN on Solana and is tackling the problem of unstable power grids. Starpower creates virtual power plants (VPPs) — i.e., networks of internet-connected home energy devices (e.g. home… https://t.co/tJXFtI4PYN
DePIN Starpower raises $2.5M, led by @hiFramework. In 2024, Starpower raised $1.5M in pre-seed funding and participated in Alliance's and @DePINSurf's accelerator. https://t.co/NpZDxAR2KP https://t.co/JysniMy8N3
1/ We just led a $2.5M round in Starpower (@starpowerworld), a DePIN-based, decentralized energy network, bringing the project's total funding to $4M. A short 🧵 + full article by @MManoylov at @TheBlock__ 👇👇👇 https://t.co/LWjehcywXi