Solana-based multisig protocol Squads has raised $5.7 million in strategic funding from Placeholder VC, Multicoin Capital and others.
Squads Labs, the main developer of Solana-based multisig protocol Squads, has raised $5.7 million in a strategic funding round.
This was an equity with token warrants round, Stepan Simkin, co-founder of Squads Labs, told The Block. He declined to comment on valuation. Squads Labs also offers a web app comprising SquadsX and Squads Pro products. Squads web app is built on top of Squads protocol that helps crypto firms manage their developer and treasury assets via multisig. SquadsX, on the other hand, is a browser extension wallet that acts as a companion tool for the app. Squads Pro is a paid subscription that costs $399 per month and offers more features.
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