Blockchain Capital and Dragonfly led a $200m Series C funding round in Matter Labs.

Blockchain Capital, a venture capital and private equity firm, and Dragonfly, a venture capital firm, led a $200m Series C funding round in Matter Labs, a developer of scaling decentralized application, with participation from LightSpeed Venture Partners, Variant and Andreessen Horowitz. Matter Labs is known for its work on zkSync, an Ethereum scaling solution that drastically reduces the cost of Ethereum transactions. The company will be able to iterate on zkSync for a while.