# Orb Labs

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

- Industry: Internet
- Headquarters: New York, US
- Website: www.orblabs.xyz
- Total disclosed funding: $4.5M
- Latest round: Seed (Feb 14, 2023)
- Investors on record: 7

## About

Founded in 2022 by Richard Adjei and based in New York, US, Orb Labs operates as a developer of various messaging apps for developers and creators. In February 2023, Orb Labs raised USD 4.5 million in seed funding, led by Bain Capital Ventures, with participation from 6th Man Ventures, Aves Lair, Modular Capital, Modular Capital, Modular Capital, and Shima Capital.

The company develops web applications for cross-chain messaging using blockchain technologies. The company’s product portfolio includes Earlybird, a cross-chain messaging protocol for sending data between blockchains, and MagicLane, a messaging platform made from cross-chain tokens.

The company plans to use the funds raised in February 2023 to grow its workforce, boost its product development, increase its technical capabilities, and execute security assessments.

## Funding rounds

- Seed, Feb 14, 2023, $4.5M — Newman Capital Group, Bain Capital, SevenX Ventures, Shima Capital, 6th Man Ventures, Aves Lair, Modular Capital

## Investors

- Newman Capital Group — Seed
- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Seed
- SevenX Ventures (https://capitalatlas.ai/funds/sevenx-ventures) — Seed
- Shima Capital (https://capitalatlas.ai/funds/shima-capital) — Seed
- 6th Man Ventures (https://capitalatlas.ai/funds/6th-man-ventures) — Seed
- Aves Lair (https://capitalatlas.ai/funds/aves-lair) — Seed
- Modular Capital — Seed