Rated Labs, a crypto startup that offers infrastructure datasets for Ethereum, has successfully raised $12.89 million in Series A funding. The funding round was led by Archetype, a prominent crypto venture firm. This influx of capital will allow Rated Labs to expand its offerings beyond Ethereum and venture into other blockchain networks.
The investors and participants in the funding round
In addition to Archetype, several other investors and seed backers participated in Rated Labs’ Series A funding round. Seed investors Placeholder, 1confirmation, Cherry, and Semantic were joined by new backers Robot Ventures, Chorus One, Factor, and Maelstrom. The support from these experienced investors highlights the potential and promise of Rated Labs.
Total funding raised by Rated Labs
With the successful completion of its Series A funding round, Rated Labs has raised a total of $15.39 million. This includes the recent funding round as well as the previous seed funding of $2.5 million. The significant amount of funding obtained by Rated Labs reflects the confidence that investors have in the company’s ability to thrive and make a significant impact in the blockchain industry.
Rated Labs’ expansion plans to other blockchain networks
Rated Labs aims to expand its offerings to multiple other blockchain networks as part of its growth strategy. In the next year, Rated Labs plans to venture into Layer 1 blockchain networks such as Polygon, Solana, Cosmos, and Polkadot. By expanding its reach to these networks, Rated Labs will be able to provide its services to a larger user base and cater to the diverse needs of the blockchain community.
Current offerings of Rated Labs
Currently, Rated Labs offers an Ethereum network explorer, a data API for Ethereum developers and node operators, and an oracle that serves as a gateway for curated data into the Ethereum mainnet. These offerings provide valuable insights and data to users utilizing the Ethereum network. Rated Labs aims to further enhance its explorer and API by introducing new features and real-time functionality for all the networks it supports.
Potential competitors of Rated Labs
While Rated Labs does not have any direct competitors, there are platforms such as beaconcha.in and Metrika that offer similar services. However, Rated Labs’ unique offerings and its focus on expanding to multiple blockchain networks set it apart in the market. The absence of direct competitors also positions Rated Labs as a pioneer and innovator in the blockchain data and infrastructure space.
Size and growth of Rated Labs’ team
Rated Labs currently has a team of 12 full-time employees. In line with its expansion plans and the increased demand for its services, Rated Labs aims to double its headcount in the coming quarters. The company is particularly focused on hiring talented individuals for its engineering department to ensure the continuous development and improvement of its offerings.
Archetype’s founder joins Rated Labs’ board
As part of leading the Series A funding round, Ash Egan, the founder and general partner of Archetype, has joined Rated Labs’ board. This addition brings valuable expertise and industry knowledge to Rated Labs’ leadership team. Egan’s involvement will contribute to the strategic growth and success of Rated Labs as it expands its presence in the blockchain ecosystem.
Disclaimer and purpose of the article
It is important to note that this article serves as a source of information about Rated Labs’ Series A funding round and its expansion plans. The information presented here does not constitute any form of legal, tax, investment, financial, or other advice. Readers are encouraged to conduct their own research and due diligence before making any investment decisions.
Conclusion
Rated Labs’ successful Series A funding round, led by Archetype, marks a significant milestone for the company. With plans to expand beyond Ethereum and venture into other blockchain networks, Rated Labs is poised to become a key player in the blockchain data and infrastructure space. Its current offerings, potential for growth, and lack of direct competitors position Rated Labs for continued success in the evolving blockchain industry.
