# Memes Lab

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/memes-lab

- Industry: Software
- Headquarters: Dubai, United Arab Emirates
- Website: www.memeslab.xyz
- Total disclosed funding: $2.3M
- Latest round: Seed (Feb 24, 2025)
- Investors on record: 15

## About

Memes Lab is an innovative platform that operates within the web3 space, enabling users to engage with memes, trade digital assets, and earn rewards through gamified interactions.Memes Lab was founded in 2024 in the US as an innovative platform focused on integrating meme culture within the web3 landscape. The company raised USD 2.3 mn in Seed funding on February 24, 2025, led by Lemniscap, with participation from various investors, including Amber Group and Animoca Brands. The founder's background is not specified, and the company does not have noted subsidiaries or changes in business strategy.Memes Lab offers a comprehensive meme-infrastructure designed as an Attention Merchant within the web3 space, integrating elements from web2 to enhance user engagement. The platform enables users to collect and upgrade characters, trade memecoins, and complete quests to earn rewards, all within a single application. By leveraging the capabilities of the TON blockchain, Memes Lab facilitates low-fee transactions and provides a robust ecosystem aimed at onboarding millions of new users to web3, particularly through the popular messaging platform Telegram. The primary end-users include crypto enthusiasts and gamers looking for innovative ways to interact with memes and digital assets. The company's offerings have a global reach, targeting markets across North America, Europe, and Asia, where interest in cryptocurrency and blockchain technology is rapidly growing.Memes Lab generates revenue through a combination of transaction fees associated with memecoin trading and the completion of quests that provide users with rewards. Transactions occur directly between users and the platform, facilitated by the secure and efficient TON blockchain, which supports a high volume of low-cost exchanges. Users may also engage in partnerships or subscriptions that enhance their experience with flagship offerings, such as exclusive character upgrades or access to premium content. The financial structure supports both direct-to-consumer interactions and possible collaborations with other platforms to expand its reach and user base. Pricing plans for specific services or products are designed to offer value while promoting user retention and engagement within the ecosystem.In February 2025, Memes Lab raised USD 2.3 mn in Seed funding led by Lemniscap, which will support the development of The Open Network, or TON. The company plans to launch new products aimed at enhancing user engagement and expanding its services by the end of 2025. There are also intentions to penetrate emerging markets in Africa and South America, capitalizing on the growing interest in cryptocurrency in these regions.

## Funding rounds

- Seed, Feb 24, 2025, $2.3M — GSR Ventures, Gate Ventures, TVM Capital, Amber Group, Cypher Capital, Lemniscap, NewTribe Capital, Mirana Ventures, Animoca Brands, KuCoin Ventures, OKX Ventures, Presto Labs Pte. Ltd., Oak Grove Ventures, Mexc Ventures, Castrum Capital

## Investors

- GSR Ventures (https://capitalatlas.ai/funds/gsr-ventures) — Seed
- Gate Ventures (https://capitalatlas.ai/funds/gate-ventures) — Seed
- TVM Capital (https://capitalatlas.ai/funds/tvm-capital) — Seed
- Amber Group — Seed
- Cypher Capital (https://capitalatlas.ai/funds/cypher-capital) — Seed
- Lemniscap — Seed
- NewTribe Capital (https://capitalatlas.ai/funds/newtribe-capital) — Seed
- Mirana Ventures (https://capitalatlas.ai/funds/mirana-ventures) — Seed
- Animoca Brands (https://capitalatlas.ai/funds/animoca-brands) — Seed
- KuCoin Ventures (https://capitalatlas.ai/funds/kucoin-ventures) — Seed
- OKX Ventures (https://capitalatlas.ai/funds/okx-ventures) — Seed
- Presto Labs Pte. Ltd. — Seed
- Oak Grove Ventures — Seed
- Mexc Ventures (https://capitalatlas.ai/funds/mexc-ventures) — Seed
- Castrum Capital (https://capitalatlas.ai/funds/castrum-capital) — Seed