Movement Labs Targets $3 Billion Valuation in Latest Funding Round

Movement Labs Targets $3 Billion Valuation in Latest Funding Round

Key Points

  • Movement Labs is raising $100 million in a Series B round, targeting a $3 billion valuation.
  • CoinFund and Brevan Howard’s digital asset arm are leading the investment.
  • Renewed investor interest in crypto startups follows easing regulatory pressures and market recovery.
  • Global venture capital activity rose over 5% last year, reaching $368.5 billion.

Movement Labs, a blockchain development company, is reportedly raising $100 million in a Series B funding round, which could raise its valuation to $3 billion. Crypto-focused investment firm CoinFund leads the round, which includes participation from Brevan Howard’s digital asset division.

The fundraising comes amid renewed investor interest in crypto startups, driven by easing regulatory pressures and a market recovery following the collapse of FTX. This resurgence has prompted venture firms to increase their commitments, buoyed by an improved climate for dealmaking and initial public offerings, aided by recent interest rate cuts. According to PitchBook, global venture capital activity rose over 5% last year, reaching $368.5 billion, signaling a broader recovery in the startup investment landscape.

Movement Labs raised $38 million in its last funding round a year ago. The current capital will support the company’s plans to enhance its product offerings, expand operations in the Asia Pacific region, and onboard additional team members.

The firm, founded in 2022 by Vanderbilt University dropouts Cooper Scanlon and Rushi Manche, seeks to create a blockchain ecosystem that prioritizes accessibility, speed, and convenience. Last month, Movement Labs introduced its native token, marking a significant milestone in its development trajectory.

The funding signals growing confidence in blockchain startups as the sector recovers from recent turmoil. Movement Labs is poised to capitalize on this momentum by refining its technology and scaling its global presence. As venture firms show increasing readiness to back high-growth crypto companies, Movement Labs’ valuation highlights the potential for blockchain solutions to reshape financial and digital ecosystems.

EDITORIAL TEAM
EDITORIAL TEAM
TechGolly editorial team led by Al Mahmud Al Mamun. He worked as an Editor-in-Chief at a world-leading professional research Magazine. Rasel Hossain and Enamul Kabir are supporting as Managing Editor. Our team is intercorporate with technologists, researchers, and technology writers. We have substantial knowledge and background in Information Technology (IT), Artificial Intelligence (AI), and Embedded Technology.

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