# Smooth Labs

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

- Industry: Software
- Headquarters: Singapore, Singapore
- Website: www.smoothlabs.org
- Total disclosed funding: $2M
- Latest round: Seed (Mar 14, 2023)
- Investors on record: 4

## About

Based in Singapore and founded in 2022, Smooth Labs is a blockchain infrastructure startup that engages in decentralized data transactions, eliminates traffic for data retrieval, and increases aggregate transactions per second (TPS) on Layer 2 and Appchain through parallel transaction execution. The company was co-founded by Wiger Wei and Lucie Chen. In March 2023, Smooth Labs raised USD 2 million in seed funding, led by investor NGC Ventures, with participation from other investors ArkStream Capital, Cogitent Ventures, and Token Metrics Advisers. 

Smooth is developing a blockchain platform for parallel transactions, which speeds up processing and cuts down on wait times. The company is working on a Web3 module called Smooth is expected to increase Layer 2 network TPS and be application specific. As of 2023, the smooth network is currently in development, with a testnet planned to go live in the third quarter.

## Funding rounds

- Seed, Mar 14, 2023, $2M — NGC Ventures, ArkStream Capital, Token Metrics Advisers, Cogitent Ventures

## Investors

- NGC Ventures (https://capitalatlas.ai/funds/ngc-ventures) — Seed
- ArkStream Capital (https://capitalatlas.ai/funds/arkstream-capital) — Seed
- Token Metrics Advisers — Seed
- Cogitent Ventures (https://capitalatlas.ai/funds/cogitent-ventures) — Seed