Ethereum startup Aligned Layer clinches $2.6m in venture capital

Ethereum startup Aligned Layer clinches $2.6m in venture capital

Aligned Layer, a startup touted as a “universal verification layer for Ethereum,” confirmed Sunday, April 14, that it raised $2.6 million in seed funding.

Lemniscap, a seven-year-old firm that has backed multiple companies in the crypto blockchain space, led the effort. The firm previously led the $2.4-million funding round for web3 startup Safary in January.

Bankless Ventures and Paper Ventures are also backing Aligned Layer, along with StarkWare, O(1)Labs and Ingonyama CEO Omer Shlomovits.

Aligned Layer announced the capital raise via social media. See below.

Aligned Layer is touted as the first decentralized ZK Proof verification layer for Ethereum. It’s also powered by Eigen Layer — a restaking mechanism that allows ETH stakers to reallocate their staked ETH and Liquid Staking Tokens (LSTs) to improve security for other protocols.

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