# Offchain Labs

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

- Industry: Software
- Headquarters: Princeton, US
- Website: www.offchainlabs.com
- Total disclosed funding: $124M
- Latest round: Series B (Aug 31, 2021)
- Investors on record: 8

## About

Based in New York, US, Offchain Labs, Inc., was founded in 2018 by co-founders Harry Kalodner (CTO), Ed Felten, and Steven Goldfeder (CEO). Offchain Labs is a provider of scaling solutions for Ethereum. In 2019, Offchain Labs, Inc. raised USD 3.7 million in seed funding led by new investor Pantera Capital, with participation from another new investor Compound Ventures, and several individual investors. In August 2021, the company raised USD 120 million in series B funding led by new investor Lightspeed Venture Partners, with participation from other new investors. Moreover, In October 2022, Offchain Labs acquired Prysmatic Labs. 

The company develops a platform called Arbitrum which is an "Optimistic Rollup" scaling solution for Ethereum. Arbitrum scales programs in real-time, lowering costs and increasing capacity while maintaining Ethereum's security. Arbitrum is fully compatible with most existing Ethereum developer tooling, so transferring contracts to it requires no code modifications or downloads.   The company plans to use the funding in August 2021 to scale the team, further develop the Arbitrum One ecosystem, build out new scaling solutions in its pipeline and invest in R&D.

## Funding rounds

- Series B, Aug 31, 2021, $120M — Lightspeed Venture Partners, Redpoint Ventures, Ribbit Capital, Pantera Capital, Polychain Capital, Alameda Research
- Seed, Apr 3, 2019, $3.7M — Compound Ventures, Pantera Capital
- Seed, date not disclosed — 6529 Capital

## Investors

- 6529 Capital (https://capitalatlas.ai/funds/6529-capital) — Seed
- Compound Ventures (https://capitalatlas.ai/funds/compound-ventures) — Seed
- Pantera Capital (https://capitalatlas.ai/funds/pantera-capital) — Seed, Series B
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series B
- Redpoint Ventures (https://capitalatlas.ai/funds/redpoint-ventures) — Series B
- Ribbit Capital (https://capitalatlas.ai/funds/ribbit-capital) — Series B
- Polychain Capital (https://capitalatlas.ai/funds/polychain-capital) — Series B
- Alameda Research — Series B