Arch Labs completes $13 million Series A funding, led by Pantera Capital

PANews reported on April 22 that according to Chainwire, Bitcoin infrastructure company Arch Labs completed a $13 million Series A financing with a valuation of $200 million. This round of financing was led by Pantera Capital, and other strategic investors were also involved. This funding will accelerate the development and release of ArchVM, which enables fast, secure and fully verifiable smart contract capabilities on Bitcoin.

According to reports, Arch Labs is a software development company and a core contributor to Arch Network. Arch Network is a bridgeless execution platform that enables smart contract-like functionality on Bitcoin. Previously, Arch Labs raised $7 million, led by Multicoin Capital.