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Smooth Labs Secures $2M Seed Round Financing

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Smooth Labs Secures $2M Seed Round Financing

On March 14, it was reported that the blockchain infrastructure start-up, Smooth Labs, completed a seed round financing of US $2 million, led by NGC Ventures, and participated by Cogitent Ventures, ArkStream Capital and Ian Balina’s Token Metrics.

Smooth Labs, a blockchain infrastructure start-up, completed a seed round financing of US $2 million

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Smooth Labs, a blockchain infrastructure start-up, announced on March 14 that it had successfully raised $2 million in seed round financing. The round was led by NGC Ventures, a blockchain investment firm based in Singapore, with participation from Cogitent Ventures, ArkStream Capital and Ian Balina’s Token Metrics.

This financing round marks a significant milestone for Smooth Labs, as it will provide the necessary capital to further develop its blockchain infrastructure platform. The start-up aims to provide enterprise-level solutions to help businesses integrate blockchain technology into their operations. Its platform offers a range of services, including data management, identity verification, smart contract development and more.

Smooth Labs has positioned itself as a leading player in the blockchain infrastructure space with its focus on enterprise-level solutions. The platform’s approach is particularly appealing to businesses that are looking to leverage the benefits of blockchain technology but don’t have the expertise or resources to build their own infrastructure from scratch.

According to the CEO of Smooth Labs, the funding will be used to expand the company’s team, enhance its technology platform and reach out to potential customers. He added that they are delighted to have NGC Ventures, a leading investor in the blockchain space, as their lead investor, and to have secured funding from other reputable investors.

The blockchain industry has seen significant growth in recent years, and businesses across various industries have been exploring ways to leverage the technology. Start-ups like Smooth Labs are well-positioned to capitalize on this trend by providing enterprise-level solutions that make it easier for businesses to adopt blockchain technology.

In conclusion, Smooth Labs’ successful seed round financing is a positive development for the blockchain infrastructure space. As the industry continues to grow, we are likely to see more start-ups like Smooth Labs emerge, providing innovative solutions to help businesses leverage the benefits of blockchain technology.

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