# Initia Labs Pte.

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

- Industry: Software
- Headquarters: Singapore, Singapore
- Website: www.initia.xyz
- Total disclosed funding: $22M
- Latest round: Series A (Sep 25, 2024)
- Investors on record: 7

## About

Established in 2022 and based in Singapore, Initia Labs Pte. Ltd. operates as a developer of a platform for layer 2 blockchain networks. In September 2024, Initia Labs raised USD 14 million in series A funding led by new investor Theory Ventures, Returning investors Delphi Ventures, Hack VC, and individual investors also participated in the round.

The company offers a Web 3-based platform used to build a network for interwoven rollups in MoveVM, EVM, or WasmVM.

The company uses modular multi-chain mayhem and a native system for bridging and interoperability.

The company will use the funding to support its growth and product development.

## Funding rounds

- Series A, Sep 25, 2024, $14M — Delphi Ventures, Hack VC, Theory Ventures
- Seed, Feb 27, 2024, $7.5M — Delphi Ventures, ACapital, Hack VC, Nascent, Big Brain Holdings, Figment Capital

## Investors

- Delphi Ventures (https://capitalatlas.ai/funds/delphi-ventures) — Seed, Series A
- ACapital — Seed
- Hack VC (https://capitalatlas.ai/funds/hack-vc) — Seed, Series A
- Nascent (https://capitalatlas.ai/funds/nascent) — Seed
- Big Brain Holdings (https://capitalatlas.ai/funds/big-brain-holdings) — Seed
- Figment Capital (https://capitalatlas.ai/funds/figment-capital) — Seed
- Theory Ventures (https://capitalatlas.ai/funds/theory-ventures) — Series A