Blockchain start-up Smooth Labs secures $2 Million funding

03/14/2023 14:13 • Crypto & Markets • 62 views

On March 14, it was reported that the blockchain infrastructure start-up, Smooth Labs, completed a seed round financing of US $2 million, led by NGC Ventures, and participated by Cogitent Ventures, ArkStream Capital and Ian Balina’s Token Metrics.

Smooth Labs, a blockchain infrastructure start-up, completed a seed round financing of US $2 million

Analysis based on this information:

On March 14, 2021, the blockchain infrastructure start-up Smooth Labs announced that it had successfully completed a seed round financing of $2 million, led by NGC Ventures. Other investors, including Cogitent Ventures, ArkStream Capital, and Ian Balina’s Token Metrics, also participated in the funding round. The company plans to use the funds to expand its product line and grow its team.

Smooth Labs is a blockchain infrastructure start-up that focuses on simplifying the process of developing decentralized applications (DApps). Its aim is to provide a user-friendly platform that developers can use to build DApps without having to worry about complex coding or the underlying architecture. The company’s platform is powered by blockchain technology, making it highly secure and transparent.

The fact that Smooth Labs has secured $2 million in seed funding is a testament to the growing interest in blockchain technology and its potential applications. The involvement of NGC Ventures, one of the leading blockchain investment firms, is a clear indication of the company’s potential. NGC Ventures has a track record of investing in successful blockchain start-ups like Oasis Labs, Algorand, and Fetch.ai.

Cogitent Ventures and ArkStream Capital’s participation in the funding round also highlights the significant interest in blockchain technology from the investment community. Both companies have a history of investing in disruptive technology start-ups, and their involvement in Smooth Labs indicates that they see potential in the company’s product offering.

Ian Balina’s Token Metrics is another investor that participated in the funding round. Balina is a well-known figure in the blockchain community, and his involvement in Smooth Labs could be seen as an endorsement of the company’s product and potential.

In conclusion, the successful completion of this seed funding round is an important milestone for Smooth Labs. It provides the company with the necessary capital to expand its product line and grow its team, making it well-positioned to take advantage of the growing interest in blockchain technology. Overall, the participation of NGC Ventures, Cogitent Ventures, ArkStream Capital, and Ian Balina’s Token Metrics indicates that the investment community sees significant potential in Smooth Labs and its product offering.

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Blockchain start-up Smooth Labs secures $2 Million funding

Smooth Labs, a blockchain infrastructure start-up, completed a seed round financing of US $2 million

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