Matter Labs, the parent company of Ethereum scaling protocol zkSync, has raised $200 million in an investment round it participated in.
Despite the collapse of FTX, the world’s second largest cryptocurrency exchange, investments in crypto companies continue. Million-dollar fund support is provided in investment rounds to support and expand strong projects. In all these processes, Matter Labs drew attention. The company, which attracted great attention with its zkSync project, also became the focus of attention of investors. The company also received a $200 million funding support in a Series C investment round.
Matter Labs to Use $200M on Development
Matter Labs, the team behind the popular project zkSync, has raised $200 million in its Series C funding round. The company did not make a statement about the valuation.
The funds will be used to launch first-party projects created by Matter Labs, the company said in a statement. It will also be spent on growing the team and funding other ecosystem projects created by external teams.
Finally, the team will launch the education platform Matter University, with the help of the funds raised.
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