Ark Labs Raises $2.50M in Pre-Seed Round Led by Tim Draper for Scalable Bitcoin Layer 2 Protocol

Ark Labs, a developer of a scalable Layer 2 protocol for Bitcoin, has successfully secured $2.50M in a Pre-seed funding round. The fundraising was led by renowned investor Tim Draper of Draper Associates, with additional participation from Fulgur Ventures and Axiom. This significant investment will undoubtedly propel Ark Labs towards further innovations in the cryptocurrency space. Investors can expect exciting developments to come from this promising venture.