• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Movement Labs eyes $100 million in fresh capital, $3 billion valuation

by January 8, 2025
written by January 8, 2025

Investing.com — Blockchain developer, Movement Labs, is reportedly seeking to raise $100 million in a new funding round that could value the company at $3 billion, according to a report by Reuters. The Series B round is led by CoinFund, a cryptocurrency-focused investor, and includes participation from the digital asset division of London-based Brevan Howard.

Movement Labs’ quest for fresh capital comes a year after the company secured $38 million in its previous funding round. The funds from the current round are expected to be utilized to enhance its product, increase its presence in the Asia Pacific region, and recruit additional team members.

The company, established in 2022 by Cooper Scanlon and Rushi Manche, both dropouts from Vanderbilt University, is committed to developing a more accessible, fast, and convenient blockchain. Moreover, Movement Labs launched its own native token just last month.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
FTC chair hopes Amazon, Facebook won’t get ‘sweetheart deal’ from Trump in antitrust cases
next post
OptimizeRx downgraded to “sector perform” by RBC amid slower growth outlook

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!








    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • China outlines more controls on exports of rare earths and technology

      October 10, 2025
    • Paramount acquires Bari Weiss’ The Free Press, naming her the top editor of CBS News

      October 7, 2025
    • YouTube to pay $24 million to settle Trump lawsuit

      October 1, 2025
    • Charlie Javice sentenced to 7 years in prison for fraudulent $175M sale of aid startup

      October 1, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (651)
    • Stock (6,426)

    Latest News

    • China outlines more controls on exports of rare earths and technology
    • Paramount acquires Bari Weiss’ The Free Press, naming her the top editor of CBS News

    Popular News

    • ‘I can’t pay my bills,’ Rudy Giuliani says in courtroom outburst
    • Bubs Australia returns to profitability in first-half; shares surge

    About The Significant deals

    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy