Karak, a Layer 2 blockchain focused on risk management, raised $48 million through a Series A fundraising round

Karak, a Layer 2 blockchain focusing on risk management, secured $48 million in Series A funding from Lightspeed, Mubadala Capital, Coinbase Ventures, Bain Capital Ventures (BCV), Pantera Capital, Framework Ventures, Digital Currency Group (DCG), Nima Capital, Santiago R. Santos, Paul Veradittakit, Naval Ravikant, Anthony Pompliano, Nikil Viswanathan, Joe Lau, Joey Krug, Vance Spencer, Michael Anderson, Dan Morehead, Franklin Bi, Stefan Cohen, Matthew Beck, Noah Jessop, Ashleigh Schap.