Arch Labs Successfully Completed $7 Million Investment Round

Arch Labs has completed a $7 million seed funding round for its native application platform Arch. This investment round was led by Multicoin Capital. Other investors in the round included Portal Ventures, OKX Ventures, Big Brain Holdings, CMS Holdings and Tangent, the company said on Thursday. Arch co-founder Matt Mudano stated that investor interest was extraordinary and that the round started in March and was completed quickly in April. The round is structured as a simple deal for future stock, backed by token warrants. Arch co-founder Matt Mudano declined to comment on the valuation.

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Arch Labs

What is Arch?

Arch claims to be the first Bitcoin native application platform that brings trading directly to the Bitcoin blockchain. However, Mudano emphasised that Arch is not a Bitcoin layer-2 network like many other networks, but a Bitcoin-specific application platform. As for developers, Mudano stated that applications can be deployed ‘quite smoothly’ on Arch. He also stated that ArchVM was built entirely in Rust, which is easier than Bitcoin scripting. Mudano also stated that ArchVM was ‘largely inspired by Solana’.