On November 8, Matter Labs, the parent company of the Ethereum expansion plan zkSync, announced the completion of a $50 million financing.
This round of financing was led by Andreessen Horowitz (a16z). Placeholder, Dragonfly, 1kx, Blockchain.com, Crypto.com, Consensys, ByBit, OKEx, Alchemy, Covalent, etc. participated in the investment.
Angel investors include Stani Kulechov, founder of AAVE. Funds from this round of financing will be used to expand Matter Labs’ R&D and engineering teams. And provide funding for its business growth.