– Elizabeth Stark, CEO and Co-Founder of Lightning Labs
Investors
Craft Ventures led the round; Ribbit Capital, M13, and Slow also participated. Angel investors include Ross Stevens (CEO and Founder of Stone Ridge), John Pfeffer (Pfeffer Capital), David B. Heller (former co-head of Securities at Goldman Sachs), Howard Morgan (Founder of First Round Capital), Avichal Garg (Founder of Electric Capital), Proof of Capital, StillMark, CMT Digital, Goldcrest, Abstract, and others.
Loop Release
Further, Lightning Labs also announced a major product release today; the beta of Lightning Loop, the company’s first commercial product. Loop helps startups, node operators, and end-users send and receive on Lightning more efficiently. With Loop, users can move funds between the bitcoin blockchain and the Lightning Network in a non-custodial manner.
