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Union Labs Secures $4M Seed Round

2023-11-21
DOVER, DE, Union Labs, the team creating a hyper-efficient, zero-knowledge interoperability layer, has successfully raised $4 million in seed funding.
Union Labs has successfully raised $4 million in seed funding to build the first fully trustless bridge that connects appchains, layer 1, and layer 2 networks. Capital secured is also earmarked for the expansion of Union's seasoned team, comprised of leaders from Composable Finance; Consensys; Tokensoft; and Polygon; in anticipation of its upcoming mainnet launch.

The seed funding round was led by prominent industry VCs, Galileo, Semantic Ventures, Tioga Capital, and Nascent. Other notable investors in the round include Lightshift and Chorus One.

Union is the interoperability layer built for the next century. Union's trustless bridge uses zero-knowledge proofs to connect any appchains, L1s, and L2s without depending on trusted third parties, oracles, multi-signatures, or MPC. Union is building ZK solutions that remedy the cost and security issues plaguing the industry to unlock a horizontally-scaled future, where thousands of chains can permissionlessly connect, communicate, and prosper.
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