BlockBeats News, March 12th, according to The Block, Ark Labs has completed a $5.2 million seed round of financing to expand the infrastructure for programmable finance applications on Bitcoin (BTC).
Tether, Ego Death Capital, Epoch VC, Lion26, Sats Ventures, and Contribution Capital participated, along with Anchorage Digital, former PayPal CFO Ralph Ho, and other digital asset and fintech investors. Ark Labs did not disclose the specific structure, open and close date of this round of financing, and the post-financing valuation.
Founded in 2024, Ark Labs’s total institutional support now exceeds $7.7 million, with previous seed funding supported by Draper Associates, Fulgur Ventures, and Axiom Capital.
