# Matter Labs

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

- Industry: Software
- Headquarters: Berlin, Germany
- Website: www.matter-labs.io
- Total disclosed funding: $256M
- Latest round: Series C (Nov 3, 2022)
- Investors on record: 21

## About

Based in Germany, Matter Labs specializes in innovative blockchain technology solutions, enhancing scalability and security with its flagship product, zkSync, designed for efficient transaction processing on public networks.Founded in 2018 and headquartered in Berlin, Germany, Matter Labs focuses on blockchain scalability. The company is led by CEO and Founder Alex Gluchowski. In November 2022, Matter Labs raised USD 200.00 mn in Series C funding, co-led by Blockchain Capital and returning investor Dragonfly, with additional participation from Andreessen Horowitz and others. This funding round marks a significant point in their growth strategy, bringing the total amount raised to USD 200.00 mn across four deals.Matter Labs specializes in blockchain technology solutions, primarily through its flagship product, zkSync. zkSync enhances blockchain scalability via advanced zero-knowledge (ZK) cryptography, facilitating faster transactions on public networks. The company addresses challenges such as high transaction costs and slow processing times, serving a diverse client base, including developers and businesses in North America, Europe, and Asia. By providing open-source tools, Matter Labs encourages innovation and collaboration in the blockchain space.Matter Labs generates revenue primarily through partnerships with businesses leveraging zkSync technology. Clients pay fees for utilizing zkSync based on implementation scale and complexity, allowing for tailored pricing. The company operates on a direct-to-consumer model, emphasizing the value of zkSync in enhancing cost-efficiency and scalability across various sectors.Following the USD 200.00 mn Series C funding in November 2022, Matter Labs plans to develop Matter University and launch first-party projects on zkSync. The funding will also support team expansion and enhance product offerings. The company aims to penetrate new markets, continuing its focus on North America, Europe, and Asia, with a strategic push for broader blockchain adoption in these regions.

## Funding rounds

- Series C, Nov 3, 2022, $200M — Lightspeed Venture Partners, Andreessen Horowitz, Blockchain Capital, Gaingels, Dragonfly Digital Management, Variant
- Series B, Nov 8, 2021, $50M — Lido Ventures, Andreessen Horowitz, Placeholder, ConsenSys Ventures, Covalent Partners, Alchemy Capital Management, 1kx Ventures, OKX, HTX Venture, Dragonfly Digital Management, Blockchain.com, Gnosis, ParaSwap Network, Crypto.com Capital, Rarible Inc., Bybit
- Series A, Feb 1, 2021, $6M — Union Square Ventures, Andreessen Horowitz, Placeholder, 1kx Ventures, Dragonfly Digital Management

## Investors

- Union Square Ventures (https://capitalatlas.ai/funds/union-square-ventures) — Series A
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series A, Series B, Series C
- Placeholder (https://capitalatlas.ai/funds/placeholder) — Series A, Series B
- 1kx Ventures (https://capitalatlas.ai/funds/1kx-ventures) — Series A, Series B
- Dragonfly Digital Management (https://capitalatlas.ai/funds/dragonfly-digital-management) — Series A, Series B, Series C
- Lido Ventures — Series B
- ConsenSys Ventures (https://capitalatlas.ai/funds/consensys-ventures) — Series B
- Covalent Partners (https://capitalatlas.ai/funds/covalent-partners) — Series B
- Alchemy Capital Management (https://capitalatlas.ai/funds/alchemy-capital-management) — Series B
- OKX — Series B
- HTX Venture (https://capitalatlas.ai/funds/htx-venture) — Series B
- Blockchain.com — Series B
- Gnosis (https://capitalatlas.ai/funds/gnosis) — Series B
- ParaSwap Network — Series B
- Crypto.com Capital (https://capitalatlas.ai/funds/crypto-com-capital) — Series B
- Rarible Inc. — Series B
- Bybit — Series B
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series C
- Blockchain Capital (https://capitalatlas.ai/funds/blockchain-capital) — Series C
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series C
- Variant (https://capitalatlas.ai/funds/variant) — Series C