🏆 Deal of the Week · CW 46/2022
Matter Labs raised USD 200 million in a Series C round; the company's valuation was not disclosed. The round closed in November 2022 and was backed by a syndicate of leading blockchain and venture capital firms including Andreessen Horowitz, Blockchain Capital, Dragonfly, Lightspeed Venture Partners, and Variant.
Matter Labs — key deal facts
| Company | Matter Labs |
| Founded | 2018 |
| Headquarters | Berlin, Germany |
| Amount raised | USD 200M |
| Valuation | Valuation Remains Undisclosed |
| Round | Series C |
| Investors | Andreessen Horowitz (https://a16z.com/) Blockchain Capital (https://blockchain.capital/) Dragonfly (https://www.dragonfly.xyz/) Lightspeed Venture Partners (https://lsvp.com/) Variant (https://variant.fund/) |
| Sectors | Blockchain |
Who invested in Matter Labs?
The Series C was supported by Andreessen Horowitz, Blockchain Capital, Dragonfly, Lightspeed Venture Partners, and Variant. The investor mix combines dedicated crypto-native funds — Blockchain Capital, Dragonfly, and Variant — with large multi-stage generalist firms, reflecting broad institutional conviction in zero-knowledge scaling infrastructure at a time of significant market turbulence.
What does Matter Labs do?
Matter Labs is an engineering organization founded in 2018 by Alex Gluchowski and Alex Vlasov, focused on scaling Ethereum through zero-knowledge proof technology. Its flagship product, zkSync, is a Layer 2 protocol designed to increase Ethereum transaction throughput while preserving security guarantees. The company also develops Prividium, a privacy-preserving blockchain platform aimed at institutional use cases. Matter Labs operates as a fully remote, globally distributed organization headquartered in Germany.
Matter Labs valuation & multiples
Explore the benchmarks: Series C Blockchain.
Frequently asked questions
How much did Matter Labs raise in its Series C?
Matter Labs raised USD 200 million in its Series C round in November 2022.
What is Matter Labs's valuation?
Matter Labs's valuation was not disclosed in connection with its Series C financing.
Who invested in Matter Labs?
The Series C investors include Andreessen Horowitz, Blockchain Capital, Dragonfly, Lightspeed Venture Partners, and Variant.
When was Matter Labs founded and where is it based?
Matter Labs was founded in 2018 and is headquartered in Germany, operating as a fully remote, globally distributed team.
Source: original announcement — read the full report.