Subspace Labs

About

Subspace is an open, scalable platform for both storage and compute that is fully interoperable with any layer one.

Palo Alto,California,United States
11 - 50
https://subspace.network/

Highlights

Details

Last Funding Type: Series A
Last Funding Money Raised: $32.93M
Industries: Blockchain,Internet
Founded date: Jan 1, 2018
Number Of Employee: 11 - 50
Operating Status: Active

Subspace Labs is a distributed research and development company behind the Subspace Network. While based in Palo Alto, CA, we are a global, remote-first team of protocol hackers and cryptocurrency enthusiasts.

The Subspace Network is a layer zero protocol that is fully interoperable with any layer one, allowing it to serve as an infrastructure layer for the entire Web3 ecosystem. Based on years of original R&D, Subspace is the first protocol to truly resolve the blockchain trilemma, providing an open, scalable platform for both storage and compute. Subspace currently supports Polkadot and Kusama, with more networks coming soon.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

6

$37.97M

Subspace Labs has raised a total of $37.97M in funding over 2 rounds. Their latest funding was raised on Mar 1, 2022 from a Series A round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Mar 1, 2022	Series A	$32.93M	21	Pantera Capital	—	Detail
Jun 2, 2021	Seed	$4.50M	12	Hypersphere Ventures Stratos Technologies	—	Detail
May 21, 2021	Grant	$30K	1	Web3 Foundation	—	Detail
May 2, 2021	Pre-seed	$150K	1	—	—	Detail
Feb 8, 2019	Grant	$225K	1	National Science Foundation	—	Detail

Investors

Number of Lead Investors

Number of Investors

5

30

Subspace Labs is funded by 30 investors. Pantera Capital and Web3 Foundation are the most recent investors.

Investor Name	Lead Investor	Funding Round
Pantera Capital	Yes	Series A
Web3 Foundation	Yes	Grant
National Science Foundation	Yes	Grant
Coinbase Ventures	—	Series A
Alameda Research	—	Series A
Alumni Ventures	—	Series A
Automata Network	—	Series A
Bixin Ventures	—	Series A
Cabin VC	—	Series A
Candaq Fintech Group	—	Series A