SKALE Labs

About

SKALE Labs is a blockchain scalability platform that provides high speed consensus and empowers dApps to run smart contracts.

San Francisco,California,United States
11 - 50
https://skale.space

Highlights

Details

Last Funding Type: Series B
Industries: Blockchain,Cryptocurrency,Information Technology,Internet,Internet of Things
Founded date: Jan 1, 2018
Number Of Employee: 11 - 50
Operating Status: Active
Legal Name: SKALE Labs, Inc.
Also Known As: Skale Network

SKALE Labs is a blockchain scalability platform that provides high-speed consensus and empowers dApps to run smart contracts.

SKALE acts as a middle-ware layer which provides high-speed consensus and empowers dApps to run smart contracts at the rate of millions per second on platforms such as Ethereum, EOS, and other Smart Contract Blockchain platforms. The SKALE Network is a fully decentralized, open-source P2P network that is run using the SKALE utility token which is staked by dApps and supported by SKALE Mining nodes.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

6

$22.10M

SKALE Labs has raised a total of $22.10M in funding over 2 rounds. Their latest funding was raised on Nov 9, 2020 from a Series B round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Nov 9, 2020	Series B	—	1	—	—	Detail
Sep 14, 2020	Initial Coin Offering	$5M	—	—	—	Detail
Oct 1, 2019	Series Unknown	$7.45M	7	—	—	Detail
Jul 1, 2019	Series Unknown	—	1	—	—	Detail
Oct 4, 2018	Series Unknown	$8.86M	13	Multicoin Capital	—	Detail

Investors

Number of Lead Investors

Number of Investors

1

20

SKALE Labs is funded by 20 investors. Kosmos Ventures and Arrington XRP Capital are the most recent investors.

Investor Name	Lead Investor	Funding Round
Kosmos Ventures	—	Series B
Arrington XRP Capital	—	Series Unknown
Blockchange Ventures	—	Series Unknown
ConsenSys Ventures	—	Series Unknown
Hashed	—	Series Unknown
Multicoin Capital	—	Series Unknown
Recruit Holdings	—	Series Unknown
Winklevoss Capital	—	Series Unknown
Hashkey	—	Series Unknown
Aspect Ventures	—	Series Unknown