Movement Labs, a San Francisco-based startup founded by 21 and 24-year-old entrepreneurs, has successfully raised $38 million in a Series A funding round led by Polychain Capital. The company is developing Movement L2, a layer-2 Ethereum blockchain utilizing Facebook's Move programming language and integrating Celestia for data availability. The initiative aims to enhance the Ethereum ecosystem by integrating the Move Virtual Machine (MVM), facilitating secure and high-throughput transactions. The funding will support the growth of the Move ecosystem, with TIA and stTIA tokens to be available on the platform.
Gmove. Excited to back @rushimanche and the @movementlabsxyz team Let's focus on the execution layer and bring true innovation https://t.co/3S94dAkQs3
pumped to be an early backer of @movementlabsxyz @rushimanche unparalleled hustle and incredible evangelist for Move desperate need for parallel VM L2 to solve the execution bottleneck. combine that with Move security and ETH liquidity/users/devs (incl. EVM compatibility) https://t.co/R2QNmMgDHo
For now @movementlabsxyz is still in devnet but you already can try it with @Nightly_app. Get your wallet here: https://t.co/1Ts6WFfSjh https://t.co/1Ts6WFfSjh
Movement Labs, a San Francisco–based team that’s building a L2 Ethereum blockchain, has closed a $38 million funding round, Polychain Capital led, Fortune has exclusively learned. It is using the Move programming language and the MVM to build L2. https://t.co/iOjbjAjBig
Thrilled to be a small part of the @movementlabsxyz journey. These guys have been living in the future for the past few years, and I can’t think of a better team to back. The “and more crew” is stacked af too 💪 https://t.co/BT8cLrcTmj
have known @rushimanche for some time and he's as good as they get outworking most + deeply passionate about Move and it's role in making DeFi environments safer and more robust excited to be among "notable angels" gmove https://t.co/V1alfWN8TD
MOVEMENT LABS ANNOUNCES STAGGERING $38 MILLION RAISE TO “BRING FACEBOOK’S MOVE TO ETHEREUM” - @MovementLabsxyz has today announced the completion of a Series A funding round which sees the project gain an additional $38 million in fresh capital. - The round saw participation… https://t.co/PG3drqN9VD https://t.co/aQ37DC7toj
🚨BREAKING: @MOVEMENTLABSXYZ ANNOUNCES $38 MILLION SERIES A WITH PARTICIPATION FROM @HACK_VC
gmove excited to back @rushimanche and the @movementlabsxyz team modularity everywhere 💕 https://t.co/YewYvbyArf
It's huge, and it makes us even more bullish on @movementlabsxyz! 🦊💜 For a while, we've been super bullish on every blockchain that uses MOVE, so it was an obvious decision for us to build on @movementlabsxyz as well. They are not only using MOVE but also trying to solve… https://t.co/lfjC7UiwIO
We are convinced that Movement Labs has cracked the code of bringing the Move VM to Ethereum enabling secure and high-throughput transactions. We are more than excited to come on board and support the @movementlabsxyz team! Read more about why we participated in this Series A: https://t.co/Q57PNeDUha
gmove! Congrats to @movementlabsxyz on the raise to grow the Move ecosystem and excited to do this together! https://t.co/p2qSq8gNMc
Extremely proud of @rushimanche and @coopsmoves. It has been a little less than 2 years ago since I met both of them with the vision to take MOVE VM and make it prevalent. They were persistent, hungry and very very young. I saw something exciting in them as founders and had a… https://t.co/ZZFkIIcjSj
gmove been working with @rushimanche and the movement team since deep in the bera before they were the cool kids on the block...they have made incredible progress, huge props! 🫡 https://t.co/VstKVNBJRV
Congrats on the raise, @Movementlabsxyz! Movement is an upcoming Eth L2, using the Move language, and with Celestia for data availability. TIA and stTIA will be available in the Movement ecosystem. https://t.co/J1ptl48CAV
Movement Labs, which is building Movement L2, a layer-2 Ethereum blockchain based on the Move programming language, raised a $38M Series A led by Polychain (@leomschwartz / Fortune) https://t.co/fcgyTP0EJT 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/PtWQMlaMF1
gmove been working with @rushimanche and co since deep in the bera before they were cool...since then, they have made incredible progress, huge props! 🫡 https://t.co/VstKVNBJRV
Congratulations to @movementlabsxyz on the announcement of their $38m Series A led by @polychaincap ⚡️ Check out the moment when @rushimanche broke the news on our special @token2049 edition of exit liquidity 💕 https://t.co/5eU6LLwvkN
Movement Labs raises $38M to bring Facebook's Move Virtual Machine to Ethereum https://t.co/iMuqBQe6NA
Polychain Capital leads $38 million round for Movement Labs to bring Facebook's Move to Ethereum https://t.co/aNUmtiAF7w
Here comes another blockchain: Movement Labs raised $38 million led by Polychain to build a layer-2 on Ethereum using Move, the programming language developed by Facebook https://t.co/EYoP7V6lV6
Congrats @burnt_xion for launching its first chain integration with @injective - amazing job @BurntBanksy lookin forward to more to come les gohhh 🔥 🔥 🔥 https://t.co/aC9HXF0n6T
Movement Labs' 21 and 24-year-old co-founders have raised $38 million to bring Meta's Move programming language to an Ethereum L2. @skesslr reports https://t.co/P5EGFYoyAd