Polymer Labs Raises $23 Million to Weave the Future of Ethereum Interoperability

Polymer Labs has successfully secured $23 million in a Series A funding round, aimed at furthering the development of its Ethereum-based interoperability hub. This funding round was jointly led by Blockchain Capital, Maven 11, and Distributed Global, with notable participation from well-known investors including Coinbase Ventures, Placeholder, and Digital Currency Group. Polymer Labs, after emerging from stealth mode, marked this significant milestone nearly two years after concluding its initial seed funding round of $3.6 million.