Coinbase Ventures took part in the cryptocurrency protocol developer's latest round, which comes in the wake of a seed round less than a year ago.
US-based cryptocurrency technology developer O(1) Labs has raised $15m from investors including Coinbase Ventures, the strategic investment arm of digital currency trading platform Coinbase, CoinDesk has reported.
The round also featured Accomplice, Paradigm and General Catalyst, and it followed $3.5m in seed funding from Metastable, Polychain Capital, Electric Capital and angel investors Naval Ravikant, Elad Gil, Fred Ehrsam and Linda Xie in May 2018.
O(1) Labs is developing Coda, a cryptocurrency protocol that uses a cryptographic proof for the blockchain,…
