Cardworks and GM Ventures both signed up to back financial security platform developer Spring Labs in a round that brought the latter’s funding to nearly $38m in total.
US-based data blockchain technology developer Spring Labs collected $23m on Wednesday in a series A round featuring payment card services provider Cardworks and GM Ventures, the corporate venturing subsidiary of carmaker General Motors (GM).
Investment firm GreatPoint Ventures led the round, with contributions from digital asset banking firm Galaxy Digital, venture capital firms August Capital and RRE Ventures, crypto-focused hedge fund Multicoin Capital and investment firm Pritzker Group.
Founded in 2012, Spring Labs has created a data transfer protocol that…
