# Ansible Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ansible-labs

- Industry: Internet
- Headquarters: US
- Website: www.ansiblelabs.xyz
- Total disclosed funding: $7.2M
- Latest round: Seed (May 24, 2022)
- Investors on record: 4

## About

Based in California, US, and founded in 2022, by co-founders Dan Mottice and Matt Vanhouten Ansible Labs LLC, Ansible Labs provides a web3-first payments platform for blockchain accounts. In May 2022, Ansible Labs LLC raised USD 7.2 millions of seed funding, led by Archetype, with Arca, Castle Island Ventures, and Soma Capital Management.

The company offers non-custodial wallets, an off-ramp solution called beam with multi-chain support using a Web3 app with a bank account to move money. The Web3 onboarding on-ramp process enables the user to set up a cryptocurrency wallet and send fiat currency to that wallet to purchase the cryptocurrency. In addition, withdrawing the crypto back into fiat is called an off-ramp process that allows Web3 businesses, creators, artists, DAO contributors, and developers to use Web3 to cash out on-chain value to fiat.

## Funding rounds

- Seed, May 24, 2022, $7.2M — Soma Capital Management, Castle Island Ventures, Arca Investment Management, Archetype

## Investors

- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Seed
- Castle Island Ventures (https://capitalatlas.ai/funds/castle-island-ventures) — Seed
- Arca Investment Management — Seed
- Archetype — Seed