Spring Labs Nabs $23 Million

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Spring Labs

(Los Angeles, CA.) Spring Labs (Springcoin Inc.) is a technology company building the Spring Protocol, a blockchain-based network that enables network participants to exchange valuable information without sharing underlying source data. The initial use case for the Spring Protocol will facilitate the exchange of identity, fraud, and risk information among financial institutions to create a more efficient, transparent, and secure ecosystem for consumer financial data than the one that exists today

CEO: Adam Jiwan

Funding amount: $23 million

Series: A

Funding

  • Lead: Great Point Ventures
  • Other investors: RRE Ventures, August Capital, General Motors Ventures, CardWorks, Galaxy Digital Ventures, Pritzker Group Venture Capital, Multicoin Capital

Funding plans: Boost development of new products, Spring Protocol.