Lightning Labs Secures $10M in Investments, Releases Beta of First Paid Product

Cointelegraph

Published Feb 05, 2020 12:17PM ET

Updated Feb 05, 2020 02:02PM ET

Lightning Labs Secures $10M in Investments, Releases Beta of First Paid Product

Lightning Labs, the developer of the high-speed transaction protocol Lightning Network (LN), has secured $10 million in Series A funding round.

The news was announced by Lightning Labs CEO and co-founder, Elizabeth Stark, in a blog post on Feb. 5. The company plans to allocate the raised funds to further development of the Lightning payments technology and scaling of its developer ecosystem.

Continue Reading on Coin Telegraph