Ark Labs Completes $5.2 Million Seed Round Funding with Tether Participating

Odaily News: Ark Labs, an infrastructure provider for programmable financial applications on Bitcoin, announced the completion of a $5.2 million seed funding round. Participants included Tether, Ego Death Capital, Epoch VC, Lion26, Sats Ventures, and Contribution Capital. Additionally, Anchorage Digital, former PayPal CFO Ralph Ho, and other digital asset and fintech investors also took part. Ark Labs did not disclose the specific structure, start and closing dates of this funding round, nor the post-funding valuation. It is reported that the funds raised will be used to expand the infrastructure for programmable financial applications on Bitcoin (BTC). (The Block)