# Union.fi Labs

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

- Industry: Financial Services
- Headquarters: Dover, US
- Website: www.union.build
- Total disclosed funding: $16M
- Latest round: Series A (Dec 3, 2024)
- Investors on record: 15

## About

Founded in 2023 and based in Delaware, US, Union.fi Labs, Inc. operates a financial technology company that offers blockchain infrastructure to connect various blockchain networks. In December 2024, Union.fi Labs, Inc. raised USD 12 million in series A funding co-led by new investors Gumi Cryptos Capital and Longhash Ventures, with participation from other new investors Borderless Capital, Blockchange VC, Foresight Ventures, LBank, Gate Ventures, and Veris Ventures. Individual and other investors also participated in the round.

The company’s flagship product is a blockchain-based bridge, designed to connect various blockchains, promoting horizontal scalability, efficiency, security, and interoperability. Union.fi’s cross-chain infrastructure connects Appchains, Layer 1, and Layer 2 networks. The company addresses the need for secure data transfer and interaction in the Web3 space and unlike other bridging solutions, its infrastructure layer does not rely on third parties, oracles, multi-signatures, or MPC, enhancing security through zero-knowledge proofs.

The company plans to utilize the November 2023 funding for team expansion and for the mainnet launch.

## Funding rounds

- Series A, Dec 3, 2024, $12M — Foresight Ventures, LBank, Gate Ventures, Blockchange Ventures, Eterna Capital, Borderless Capital, Gumi Cryptos Capital, LongHash Ventures, Veris Ventures
- Seed, Nov 16, 2023, $4M — Semantic Ventures, Tioga Capital, Nascent, Chorus One AG, Lightshift Capital Management, Galileo

## Investors

- Semantic Ventures (https://capitalatlas.ai/funds/semantic-ventures) — Seed
- Tioga Capital (https://capitalatlas.ai/funds/tioga-capital) — Seed
- Nascent (https://capitalatlas.ai/funds/nascent) — Seed
- Chorus One AG — Seed
- Lightshift Capital Management (https://capitalatlas.ai/funds/lightshift-capital-management) — Seed
- Galileo (https://capitalatlas.ai/funds/galileo) — Seed
- Foresight Ventures (https://capitalatlas.ai/funds/foresight-ventures) — Series A
- LBank — Series A
- Gate Ventures (https://capitalatlas.ai/funds/gate-ventures) — Series A
- Blockchange Ventures (https://capitalatlas.ai/funds/blockchange-ventures) — Series A
- Eterna Capital (https://capitalatlas.ai/funds/eterna-capital) — Series A
- Borderless Capital (https://capitalatlas.ai/funds/borderless-capital) — Series A
- Gumi Cryptos Capital (https://capitalatlas.ai/funds/gumi-cryptos-capital) — Series A
- LongHash Ventures (https://capitalatlas.ai/funds/longhash-ventures) — Series A
- Veris Ventures (https://capitalatlas.ai/funds/veris-ventures) — Series A