Lightspeed Venture Partners led a $120m series B funding round in Offchain Labs.

Lightspeed Venture Partners, a global venture capital firm, led a $120m series B funding round in Offchain Labs, a New York based company that is building a suite of scaling solutions for Ethereum, with participation from Polychain Capital, Ribbit Capital, Redpoint Ventures, Pantera Capital, Alameda Research and Mark Cuban. "We are excited to partner with our investors who understand the importance of scaling Ethereum and bringing the Ethereum ecosystem to the masses. The tremendous support we've seen from developers across the globe validates our mission to be the first to marry the world of FinTech and Defi," Steven Goldfeder, Offchain Labs Co-founder and CEO.