# Solana Labs

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.solana.com
- Total disclosed funding: $20M
- Latest round: Series A (Jul 30, 2019)
- Investors on record: 12

## About

Founded in 2017 and based in California, US, Solana Labs, Inc. operates as a technology company that develops a blockchain network for distributed apps, marketplaces, and enterprise applications. CEO Anatoly Yakovenko, CTO Greg Fitzgerald, COO Raj Gokal, Ape Yakovenko, and Stephen Akridge co-founded the company and have raised venture capital fundings from private equity investors including, Kosmos Capital, NEO Global Capital, and Blockchange Ventures. In June 2021, Solana Labs, Inc. raised USD 314 million co-led by Andreessen Horowitz and Polychain Capital.

The company's developers provide an enterprise-grade cryptocurrency computing platform that can scale over 700k transactions per second on a 1-gigabit network without data partitioning. The platform also offers enterprises a data structure that encodes the passage of time as data called Proof of History (PoH). 

Solana Labs, Inc. will use the June 2021 funding to create a venture investing arm, a trading desk dedicated to the Solana ecosystem, and support the development of new decentralized applications.

## Funding rounds

- Series A, Jul 30, 2019, $20M — Foundation Capital, Passport Capital, Slow, Rockaway, Multicoin Capital, BlockTower Capital, Blockchange Ventures, NEO Global Capital, Distributed Global Ventures
- Seed, Sep 26, 2018 — Blockwall Management
- Seed, Jun 1, 2018 — 500 Global, NEO Global Capital, Kosmos Ventures

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- NEO Global Capital — Seed, Series A
- Kosmos Ventures (https://capitalatlas.ai/funds/kosmos-ventures) — Seed
- Blockwall Management (https://capitalatlas.ai/funds/blockwall-management) — Seed
- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Series A
- Passport Capital — Series A
- Slow (https://capitalatlas.ai/funds/slow) — Series A
- Rockaway (https://capitalatlas.ai/funds/rockaway) — Series A
- Multicoin Capital (https://capitalatlas.ai/funds/multicoin-capital) — Series A
- BlockTower Capital (https://capitalatlas.ai/funds/blocktower-capital) — Series A
- Blockchange Ventures (https://capitalatlas.ai/funds/blockchange-ventures) — Series A
- Distributed Global Ventures (https://capitalatlas.ai/funds/distributed-global-ventures) — Series A