# Sovereign Labs

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

- Industry: Software
- Headquarters: US
- Website: www.sovereign.xyz
- Total disclosed funding: $7.4M
- Latest round: Seed (Jan 30, 2023)
- Investors on record: 5

## About

Founded in 2022 by its CEO, Cem Özer, and based in the US, Sovereign Labs operates as a platform that provides an ecosystem of scalable rollups to run or develop blockchain applications. In January 2023, Sovereign Labs raised USD 7.4 million in seed funding, led by investor Haun Ventures, with participation from other investors Maven 11, 1KX, Robot Ventures, and Plaintext Capital.

The company offers software development kits and an open-source toolkit used for the communication data availability layers, payments, DeFi, non-fungible tokens, and governance. The company uses blockchain technology for creating secure and interoperable ZK-rollups helping developers with checking proofs and smart contracts with the end users.

The company plans to use the January 2023 funding to further develop its software development kit and hire protocol engineers and researchers.

## Funding rounds

- Seed, Jan 30, 2023, $7.4M — 1kx Ventures, Robot Ventures, Maven11 Capital, Plaintext Capital, Haun Ventures

## Investors

- 1kx Ventures (https://capitalatlas.ai/funds/1kx-ventures) — Seed
- Robot Ventures (https://capitalatlas.ai/funds/robot-ventures) — Seed
- Maven11 Capital (https://capitalatlas.ai/funds/maven11-capital) — Seed
- Plaintext Capital — Seed
- Haun Ventures (https://capitalatlas.ai/funds/haun-ventures) — Seed