Series A Round

Movement Labs has secured $38 million in a Series A financing round to develop modular move-based blockchains aimed at enhancing performance, liquidity, and composability in the tech industry. The funding will support the company's mission to leverage technology and experimentation to combat fascism and build progressive power. The company is focused on bringing Facebook's Move Virtual Machine to Ethereum, positioning itself as a leader in blockchain innovation. The round was led by Polychain Capital, with participation from Hack VC, dao5, and Robot Ventures. This funding is expected to accelerate the development of their innovative blockchain solutions and expand their market presence. Movement Labs is based in San Francisco and aims to create a more equitable digital landscape through its blockchain technology.