# LightLink Network

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lightlink-network

- Industry: Financial Services
- Headquarters: Singapore
- Website: www.lightlink.io/
- Total disclosed funding: $6.2M
- Latest round: Seed (Apr 4, 2024)
- Investors on record: 11

## About

Based in Singapore and founded in 2017 by co-founders Roy Hui and Olivia Romero, LightLink Network Limited offers an Ethereum Layer 2 blockchain that lets dApps and enterprises offer users instant and gasless transactions. It has a token called LL. In February 2024, LightLink Network Limited raised USD 4.5 million in seed funding, co-led by investors MQDC and T&B Media Global. Other investors, JellyC, Aweh Ventures, Exto Partners, Blue7, Organik, Big Kid Ventures, and Gandel Invest, also participated in the round.

The company's flagship product, LightLink's Enterprise Mode, operates as an Ethereum Layer 2 blockchain, offering its proprietary technology known as Enterprise Mode. The mode enables gasless transactions directly from users' wallets, eliminating the need for gas fees and simplifying interactions with dApps. Through enterprise mode, developers can activate contract address whitelists and subsidize gas fees for users, while enterprises benefit from predictable, fixed-fee gas subsidy subscriptions. LightLink Network introduces the LL token, serving as both a medium of exchange and a governance tool that offer holders governance rights to influence operational decisions and platform development within the ecosystem. The company's ecosystem encompasses a diverse range of offerings, including decentralized finance (DeFi) solutions like Amped Finance, decentralized exchange platforms like Elektrik, BullPerks, and DragonFall, and web3 development tools such as Forward. Additionally, the firm provides essential infrastructure components like blockchain explorers, oracles, and decentralized identity platforms.

The company plans to use the February 2024 funding to further develop its blockchain platform while focusing on gasless transactions.

## Funding rounds

- Seed, Apr 4, 2024, $1.7M — MH Ventures, NxGen Capital
- Seed, Feb 6, 2024, $4.5M — Exto Partners, Gandel Invest, T & B Media Global Co., Ltd., The Red Village, JellyC, Aweh Ventures, Magnolia Quality Development Corporation Limited, Organik Consulting, Blue7

## Investors

- Exto Partners (https://capitalatlas.ai/funds/exto-partners) — Seed
- Gandel Invest — Seed
- T & B Media Global Co., Ltd. — Seed
- The Red Village — Seed
- JellyC — Seed
- Aweh Ventures (https://capitalatlas.ai/funds/aweh-ventures) — Seed
- Magnolia Quality Development Corporation Limited — Seed
- Organik Consulting — Seed
- Blue7 (https://capitalatlas.ai/funds/blue7) — Seed
- MH Ventures (https://capitalatlas.ai/funds/mh-ventures) — Seed
- NxGen Capital (https://capitalatlas.ai/funds/nxgen-capital) — Seed