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Investment firm (auto-created from funding round data)
Movement Labs has raised $41.0M across 2 funding rounds.
Key people at Movement Labs.
Movement Labs was founded in 2022 by Cooper Scanlon (Co-Founder) and Rushi Manche (Co-Founder).
Movement Labs has raised $41.0M in total across 2 funding rounds.
Movement Labs develops a modular blockchain framework and a Layer 1 blockchain built upon the MoveVM, designed for optimal performance, liquidity, and composability. Their core offering provides developers with an efficient, scalable, and secure platform for crafting advanced decentralized applications. The infrastructure specifically leverages the Move programming language, recognized for its enhanced safety and expressiveness, enabling a robust environment for a wide array of dApps.
The company was established in 2023 by founders Cooper Scanlon and Rushi Manche. Their founding insight centered on the potential of the Move language to create next-generation blockchain applications. They embarked on this venture with the goal of building a powerful platform for deploying Move-based blockchains and decentralized applications within distributed settings.
Movement Labs targets developers and builders who are innovating in the blockchain space. The company’s long-term vision is to foster an ecosystem that unlocks opportunity, accessibility, and financial empowerment globally. By providing foundational infrastructure, Movement Labs aims to empower talented builders to shape the future of finance and the broader decentralized application landscape.
Movement Labs is an investment-backed blockchain technology firm focused on developing a modular framework for building and deploying Move-based blockchains, specifically as the first MoveVM zero-knowledge (ZK) Layer 2 solution on Ethereum. Their platform addresses critical blockchain challenges by offering low gas fees, high transaction throughput, and enhanced security, enabling developers to create scalable, efficient, and user-friendly decentralized applications (dApps) primarily in sectors like decentralized finance (DeFi), gaming, and non-fungible tokens (NFTs). This innovation significantly improves the performance and cost-efficiency of blockchain applications, impacting the broader ecosystem by facilitating more accessible and secure dApp development[1][2].
Founded in 2023 in San Francisco by two college dropouts, Movement Labs quickly attracted significant venture capital, raising over $140 million to date. Early funding rounds included a $38 million Series A led by Polychain Capital in April 2024, followed by a $100 million Series B co-led by CoinFund and Nova Fund (part of Brevan Howard’s digital assets arm) in early 2025. The founders’ vision emerged from the need to overcome Ethereum’s scalability and cost limitations by leveraging MoveVM technology combined with zero-knowledge proofs. The launch of their beta mainnet and proprietary token, Move, in December 2024 marked a pivotal moment, with the token rapidly gaining market traction and trading on major exchanges like Binance and Coinbase[1][2].
Movement Labs rides the critical trend of Ethereum scalability and Layer 2 blockchain solutions, addressing the pressing market demand for lower transaction costs and higher throughput in decentralized applications. The timing is crucial as Ethereum’s network congestion and gas fees have limited dApp growth, creating a strong market force favoring Layer 2 innovations. By pioneering MoveVM with zero-knowledge proofs, Movement Labs influences the broader ecosystem by enabling more secure, scalable, and efficient blockchain infrastructures, potentially accelerating mainstream adoption of decentralized technologies across finance, gaming, and digital assets[1][2].
Looking ahead, Movement Labs is positioned to expand its influence as Ethereum Layer 2 solutions become increasingly vital for blockchain scalability. The continued growth of their Move token and mainnet adoption will be key indicators of success. Trends such as the rise of zero-knowledge proofs, modular blockchain architectures, and cross-chain interoperability will shape their trajectory. Their ability to maintain technological leadership and developer engagement will determine how deeply they embed themselves in the evolving decentralized ecosystem, potentially setting new standards for blockchain performance and usability[1][2].
Movement Labs was founded in 2022 by Cooper Scanlon (Co-Founder) and Rushi Manche (Co-Founder).
Movement Labs has raised $41.0M in total across 2 funding rounds.
Movement Labs's investors include Bobby Beniers, Aptos Labs, Archetype, Bankless Ventures, dao5, Figment Capital, Hack VC, Maven 11, Nomad Capital, OKX Ventures, Placeholder, Robot Ventures.
Key people at Movement Labs.
Movement Labs has raised $41.0M across 2 funding rounds. Most recently, it raised $38.0M Series A in April 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Oct 22, 2025 | Bluwhale | $10.0M Series A | UOB Venture Management | Cardano, DataSpike, High Cosmos Capital, NewHeritage, PAID Network, SBI Group, Sublime Ventures, Sui Foundation, Tezos, The Arbitrum Foundation |
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 25, 2024 | $38.0M Series A | Bobby Beniers | Aptos Labs, Archetype, Bankless Ventures, dao5, Figment Capital, Hack VC, Maven 11, Nomad Capital, OKX Ventures, Placeholder, Robot Ventures |
| Sep 1, 2023 | $3.0M Seed | Borderless Capital, Blizzard, George Lambeth, Varys Capital | Collider Ventures, Divergence Ventures, Hack VC, Polygon, Team8, Tomahawk.VC, Alex Pack, Balaji Srinivasan, Nimrod Lehavi, Anurag Arjun, Calvin Liu, CoinFlipCanada, Smokey The Bera, Benqi Finance, Colony, Elixir Capital, Interop Ventures |
