UAE-based, Andalusia Labs (ex-RiskHarbor), a management company that secures secure digital assets raised $48 million led by Lightspeed Venture Partners at $1 billion in Series A.
The round was actively backed by Mubadala Capital, and previous investors such as Framework Ventures, Pantera Capital, Digital Currency Group, Bain Capital Ventures, Proof Group, Coinbase, Naval Ravikant, Nima Capital. Founders, Executives, and General Partners join the board after the funding.
Abu Dhabi-Based Andalusia Labs $48M Series
Founder Drew Patel and Raouf Ben-Har, opens a global office of Andalusia Labs in Abu Dhabi. Raouf Ben-Har said in a press meeting that the raised funds will be used for the product development, strategics partnerships and accelerate global expansion.
Andalusia Labs is working rapidly on the product advancement and hire new positions for business development, finance, cryptography, AI, and security engineering. Andalusia Labs provide tech solutions that address modern day problems with their assets: Karak, Subsea, and Watchtower.
Also Read: Better Life Partners Raised $26.5M in Series B
Also Read: Oxide Computer Company Raised $44M Series