Arch Labs Raises $13M from Pantera, Multicoin to Launch ArchVM on Bitcoin, Valued at $200M

Arch Labs, a Bitcoin infrastructure company, has successfully completed a $13 million Series A funding round, led by Pantera Capital with participation from Multicoin Capital. The round values Arch Labs at approximately $200 million. The company plans to use the funds to launch ArchVM, a new virtual machine, with the mainnet scheduled for June 29th.

Arch Labs aims to introduce smart contract functionality directly into Bitcoin through its novel architecture, enabling fast and scalable Bitcoin applications using Solana-speed rails. This development is aimed at building a Bitcoin DeFi ecosystem, with Arch Labs positioning itself as a key player in this space.

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