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Launched by Ukrainian Oleksii Glukhivskyi, startup Matter Labs, which is developing a protocol for scaling the Ethereum blockchain, has attracted $ 50 million, AIN.UA reported.

The investment was received in round B. Early in 2021, the startup raised $ 6 million in round A.

According to TechCrunch, the round was led by Andreessen Horowitz (a16z), also attended by Placeholder, Dragonfly,, and 1kx and other investors, a total of about 70 participants.

The investment will be used to fund the growth of Matter Labs, including the expansion of the startup's research and engineering teams.
Now the startup is recruiting teams in Kyiv and Berlin, there are a dozen open vacancies.