Rated Labs Secures $12.888M in Series A Funding to Expand Blockchain Services

• Rated Labs, creator of the Rated Explorer for Ethereum, raises $12.888 million in a Series A funding round.
• The funding was led by Archetype and included participation from existing seed investors and new investors.

On September 25, 2023, Rated Labs, the company known for its development of the Rated Explorer for Ethereum, made a significant announcement. They successfully closed a Series A funding round, raising a total of $12.888 million. The funding round was spearheaded by Archetype, a prominent venture firm, and included the participation of existing seed investors like Placeholder, 1confirmation, Cherry, and Semantic. Joining them were new investors, including Robot Ventures, Chorus One, Factor, and Maelstrom, among others. This Series A round substantially boosts Rated Labs’ total capital to over $15 million, following a $2.5 million seed round in the previous year.

Company Milestones

Rated Labs, established in 2022, has achieved remarkable milestones in its relatively short journey. Its Rated Explorer has attracted nearly 150,000 unique visitors, and its API has been called upon a staggering 60 million times, integrated into more than 45 platforms. The company has also forged strategic partnerships with key players in the Ethereum staking ecosystem, including Lido, Liquid Collective, Metamask Institutional, Chorus One, Stader Labs, and Nexus Mutual.

Expansion Plans

With the fresh injection of capital, Rated Labs is poised for expansion. The company’s vision includes extending its services to multiple Layer 1 blockchain networks, encompassing platforms like Polygon, Solana, Cosmos, and Polkadot. Elias Simos, co-founder and CEO of Rated Labs, revealed that the company is diligently working on enhancing its existing product line by introducing new features and real-time functionality. As part of its growth strategy, the firm plans to double its current team of 12 full-time employees, with a focus on bolstering the engineering department over the coming quarters.

Mission and Vision

Rated Labs places a strong emphasis on transparency and integrity within the blockchain infrastructure. The company aspires to be a guiding light in shaping the future of global transactions in finance, commerce, and media, all of which increasingly rely on blockchain technology.

Governance

In conjunction with leading the Series A funding round, Ash Egan, the founder and general partner of Archetype, has assumed a seat on the board of Rated Labs. This move underscores the collaborative effort to drive the company’s vision forward and strengthen its position in the blockchain industry.