The round was led by Blockchain Capital, a leading venture firm in the blockchain industry. Jay-Z's Marcy Venture Partners has also returned to participate in this round. The close of the seed round brings the company's total funding to over $14 million.

Spatial Labs (sLABS) is an industry-leading hardware/software infrastructure company powering the next generation of Web3 technology. Founded by technologist and entrepreneur Iddris Sandu, Spatial Labs is committed to driving innovation at the intersection of culture, community, connectivity, and limitless design to revolutionize the future of the human experience. The company's first product LNQ, an innovative state-of-the-art blockchain-enabled hardware platform, was publicly launched in May 2022. LNQ aims to make the Web3 more accessible and provide creators with decentralized tools to engage with their communities through LNQ's proprietary, real-time processing stack.