Profile
Corporate information
Official name
Monad Labs, Inc.
Registration country
Affiliated entities
Investment activity status
Active investor
Company type
The team supporting the Monad blockchain.Overview
Monad Labs is an early-stage, venture-backed tech startup founded in 2022. The co-founders of Monad Labs have roots in Jump Trading, where they worked together for seven years building low-latency high-frequency-trading (HFT) systems, and later contributing to R&D at Jump Crypto in 2021. This was the genesis of Monad — synthesizing learnings from HFT, as well as some new ideas, to build the most performant and robust smart-contract blockchain possible. Monad applies expertise in low-latency programming, compiler optimization, systems engineering, cryptography, and graph theory to substantially advance the performance and scalability of decentralized computation.
Team
Current employees
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Keone Hon | founder | |
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James Hunsaker | founder |
Funding
Funding rounds
N/A USD 225,000,000
USD 225,000,000 (9 Apr 2024)
Investor | Profile | Country | Notes | |
---|---|---|---|---|
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Paradigm | Ecosystem that incorporates a venture fund, a research agency and an accelerator focused on science and technology. | Japan | Initial investment. Led the round. |
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Electric Capital | Early stage venture firm focused on cryptocurrencies, blockchain, fintech, and marketplaces. | United States | Initial investment. Round participant. |
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Greenoaks Capital Partners LLC | Privately held global investment firm | Initial investment. Round participant. |
Seed USD 19,000,000
USD 19,000,000 (14 Feb 2023)
Funding from a total of 71 investors.
Investor | Profile | Country | Notes | |
---|---|---|---|---|
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Dragonfly Capital | Multi-stage venture capital firm focused on the software, fintech, cryptocurrency, and financial services sectors. | United States | Initial investment. Led the round. Haseeb Qureshi |
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Finality Capital Partners | Initial investment. Round participant. | ||
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Lemniscap | Investment firm specialising in investments in emerging cryptoassets & blockchain startups. | Hong Kong SAR China | Initial investment. Round participant. |
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Placeholder Capital | Venture capital firm that invests in decentralized protocols and web3 services. | Initial investment. Round participant. Chris Burniske | |
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Shima Capital LLC | United States | Initial investment. Round participant. |
Cap Table
Current and past shareholders
Investor | Contacts | Round | |
---|---|---|---|
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Dragonfly Capital Multi-stage venture capital firm focused on the software, fintech, cryptocurrency, and financial services sectors. |
Seed | |
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Electric Capital Early stage venture firm focused on cryptocurrencies, blockchain, fintech, and marketplaces. |
N/A | |
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Finality Capital Partners |
Seed | |
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Greenoaks Capital Partners LLC Privately held global investment firm |
N/A | |
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Lemniscap Investment firm specialising in investments in emerging cryptoassets & blockchain startups. |
Seed | |
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Paradigm Ecosystem that incorporates a venture fund, a research agency and an accelerator focused on science and technology. |
+81 (3) 6634-8441 |
N/A |
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Placeholder Capital Venture capital firm that invests in decentralized protocols and web3 services. |
Seed | |
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Shima Capital LLC |
3108191366 |
Seed |