Movement Labs raised $38M in a Series A funding round

April 25, 2024

Network of Modular Move-Based Blockchains Movement Labs raised $38M in a Series A funding round led by Polychain Capital, with participation from Hack VC, Placeholder, Archetype, Maven 11 Capital, Robot Ventures, Figment Capital, Eterna Capital, Nomad Capital, Bankless Ventures, OKX Ventures (ex OKEx Blockdream Ventures), dao5 (daofive), Aptos Labs.

Movement Labs is developing a modular framework for building and deploying infrastructure, applications, and blockchains using the Move programming language in distributed environments. Their first product, M1, is a Layer 1 blockchain, offering high TPS, instant finality, native liquidity access, and customizable features. Move, their programming language, emphasizes asset scarcity and access control for secure Web3 development.

You can find all funding rounds, links, and details on the project page Movement Labs