Sovereign Labs Closes $7.4 Million Seed Round Led by Haun Ventures

Sovereign Labs, a blockchain scaling project, has closed a $7.4 million seed round led by Haun Ventures with participation from Maven 11, 1KX, Robot Ventures, and Plaintext Capital.

Sovereign Labs is building a software development kit (SDK) that makes it easier for developers to create interoperable zk-rollups. Sovereign Labs co-founders Cem Ozer and Preston Evans said the project has no plans to launch a token and will focus 100% on building out the SDK framework.