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Spire Labs completes $7 million seed round financing, led by Maven 11 Capital and Anagram.
BlockBeats News, on October 31, ETH Fang scaling infrastructure startup Spire Labs closed a $7 million seed round of funding, co-led by Maven 11 Capital and Anagram, a16z Crypto Startup Accelerator, Digital Currency Group, Bankless Ventures, Volt Capital, Finality Capital participated. Spire Labs co-founder Kaito Yanai said the company began raising a seed round in June and closed it earlier this month. Yanai said the financing was in the form of a future equity simple protocol (SAFE) and declined to comment on Spire’s valuation. Spire, an encryption startup focused on ETH scaling, is developing the “Based Stack”, a rollup framework designed to enable builders to deploy application-specific chains, or AppChains.