Odaily News Andalusia Labs announced the completion of US$48 million in Series A financing, led by Lightspeed Venture Partners, with participation from Mubadala Capital, Pantera Capital, Framework Ventures, Bain Capital Ventures and Digital Currency Group. This round of funding will be used for product development and team expansion. The company has raised a total of approximately US$51 million so far. The company has three product lines: L2 called Karak; crypto risk management market Subsea, and institutional platform Watchtower. (TechCrunch)