PayPal Ventures is strengthening its support for Chaos Labs with additional investment
2024-09-20 04:21:54
Paypal global venture investment division paypal ventures announce venturedesk3cryptocurrencydesktopCrypto News
PayPal Ventures, the global venture capital arm of PayPal, has announced an additional investment in Chaos Labs, an industry leader in on-chain risk management. This investment highlights PayPal Ventures' confidence in Chaos Labs' potential and its blockchain offerings.
Omer Goldberg, CEO and founder of Chaos Labs, said: "We are pleased to have the strong confidence and additional support of the PayPal Ventures team. Edge by Chaos is the culmination of our work and expertise across the company. Edge price, risk and proof provides meaningful and unparalleled contextualized risk and price data for assets including stablecoins and other real-world assets, as well as crypto assets and venues that provide access to these assets."
Last month, Chaos Labs announced the completion of a $55 million Series A round led by Haun Ventures, along with high-profile new investors such as F-Prime Capital, Slow Ventures, and Spartan Capital, as well as existing investors such as PayPal Ventures. Chaos Labs has seen significant growth, tripling its customer base, and reaching billions of dollars in transactions, loans, and incentives.
Omer Goldberg, CEO and founder of Chaos Labs, said: "We are pleased to have the strong confidence and additional support of the PayPal Ventures team. Edge by Chaos is the culmination of our work and expertise across the company. Edge price, risk and proof provides meaningful and unparalleled contextualized risk and price data for assets including stablecoins and other real-world assets, as well as crypto assets and venues that provide access to these assets."
Last month, Chaos Labs announced the completion of a $55 million Series A round led by Haun Ventures, along with high-profile new investors such as F-Prime Capital, Slow Ventures, and Spartan Capital, as well as existing investors such as PayPal Ventures. Chaos Labs has seen significant growth, tripling its customer base, and reaching billions of dollars in transactions, loans, and incentives.
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