Web3 communication project Sending Labs has completed a $12.5 million seed round financing, led by Insignia Venture Partners and others
ChainCatcher news, according to The Block, the Web3 communication project Sending Labs has completed a $12.5 million seed round financing, led by Insignia Venture Partners, MindWorks Capital, and Signum Capital, with participation from K3 Ventures, LingFeng Innovation Fund, UpHonest Capital, and Aipollo Investment. This round of financing started last August, and the valuation has not been disclosed. The funds will be used to accelerate its integration with other Layer 1 and Layer 2 solutions, with plans to add Avalanche and Arbitrum as well as non-EVM chains like Solana and Sui. The remaining funds will also be used to develop industry-specific SDKs and launch a community ambassador program.Sending Labs has also launched beta versions of two flagship products, namely the crypto chat platform SendingMe and the software development kit SendingNetwork for crypto application developers to build social features. (The Block)
