Subspace Labs, developer of Subspace Network, today announced the completion of a US$32.9 million strategic financing round led by Pantera Capital with participation from Coinbase Ventures, Crypto.com, Alameda Research, ConsenSys Mesh, KR1, Hypersphere Ventures, Stratos Technologies, Alumni Ventures Blockchain Fund, GSR Ventures, Eniac Ventures, Bixin Ventures, DefinanceX, Candaq, Vendetta Capital, Illusionist Group, NGC Ventures, Cabin VC, Gate Ventures, OneBlock Capital, and Automata Network.

We are excited to announce that Subspace Labs recently closed a $4.5 million seed fundraising round to bring incentive compatible Proof-of-Capacity (PoC) consensus and scalable, permanent decentralized storage to the Polkadot Network. The round was co-lead by Hypersphere Ventures and Stratos Technologies with participation from Consensys Mesh, IOSG, Republic Labs, D1, OKEx Blockdream, Gate Labs, NGC, Candaq, Krypital, Dealean, Cabin VC, and DefinanceX.