Exclusive: Unto Labs raises $14.4 million from Framework Ventures and Electric Capital

Exclusive: Unto Labs raises $14.4 million from Framework Ventures and Electric Capital

Liam Heeger left Jump Crypto to launch a new blockchain with Unto Labs.

Unto Labs Raises $14.4 Million for New Layer-1 Blockchain Thru

Quick take: The fundraising attracted participation from crypto VCs Framework Ventures and Electric Capital. The company will use the funds to hire more employees as it seeks to double the size of its staff from five to ten. By leveraging RSIC-V, Heeger says the new virtual machine will make the Thru blockchain more accessible to non-crypto native developers. Unto Labs has announced a $14.4 million funding round backed by leading crypto-focused…