About Movement Labs
Movement Labs is a company based in San Francisco (United States) founded in 2023 by Cooper Scanlon and Rushi Manche. Movement Labs has raised $41.4 million across 2 funding rounds from investors including Binance, Aptos Labs and OKX. Movement Labs offers products and services including Movement Blockchain and Move Collective. Movement Labs operates in a competitive market with competitors including StarkWare, Immutable, Matter Labs, Mysten Labs and Aleo, among others.
- Headquarter San Francisco, United States
- Founders Cooper Scanlon, Rushi Manche
- SectorsTechnology
- Website movementlabs.xyz
- Social LinkedIn X
- Total Equity Funding$41.4M (USD)
in 2 rounds
- Latest Funding Round$38M (USD), Series A
Apr 2024
- InvestorsBinance
& 17 more
Products & Services of Movement Labs
Movement Labs offers a comprehensive portfolio of products and services, including Movement Blockchain and Move Collective.
Network for building secure decentralized applications with MoveVM.
Program for nurturing teams in blockchain development and ecosystems.
Funding Insights of Movement Labs
Movement Labs has successfully raised a total of $41.4M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $38 million completed in April 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $41.4M
- Total Rounds 2
- Last Round Series A — $38M
- First Round $3.4M
(Sep 2023)
- Investors Count 18
All 2 funding rounds of Movement Labs with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2024 | $38M | Series A | – | Polychain | |
| Sep 2023 | $3.4M | Seed | – | Varys Capital, dao5 |
18 investors in total: 18 institutional.
Investors in Movement Labs
Movement Labs has secured backing from 18 investors, including venture fund and institutional investors. Prominent investors backing the company include Binance, Aptos Labs and OKX.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Decentralized financing investments are managed by Varys Capital venture fund. | – | varys.capital | Bangkok, Thailand | |
Venture capital fund focused on cryptocurrency | 2022 | dao5.com | British Virgin Islands, United Kingdom | |
Interop is engaged in funding blockchain and DeFi startups. | 2013 | interop.ventures | - | |
Venture capital funding and acceleration are provided to sector-agnostic startups. | – | borderlesscapital.io | Miami, United States | |
Web3 venture capital firm partnering on blockchain projects. | – | hack.vc | - | |
Investments are directed toward decentralized information networks by Placeholder. | 2017 | placeholder.vc | New York, United States | |
Bankless Ventures is focused on investing in Web3 pioneers. | – | bankless.ventures | - | |
Venture capital is provided to tech startups by Maven 11. | – | maven11.com | Amsterdam, Netherlands | |
Robot Ventures is associated with technology or robotics. | – | robvc.com | New York, United States | |
Venture capital investments are directed toward web3 sectors. | – | figmentcapital.io | New York, United States |
Investor details for Movement Labs
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Movement Labs
6 people are tracked at Movement Labs (2 in leadership, 4 in team).
| Name | Role | Group |
|---|---|---|
Cooper Scanlon | Co-Founder | Leadership |
Rushi Manche | Co-Founder | Leadership |
Andreas Penzkofer | Senior Research Engineer | Team |
Shereen A. | Staff Program Manager | Team |
Francisco Bolaños | Guildmaster | Community & Marketing | Team |
Sebastian Bach | Senior Software Engineer | Team |
Complete people profiles for Movement Labs
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Movement Labs
3 dated milestones of Movement Labs across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Movement Labs is founded.
- Funding First funding round of $3.4M.
- Funding Latest funding round, Series A, of $38.0M.
Competitors of Movement Labs
Movement Labs operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as StarkWare, Immutable, Matter Labs, Mysten Labs and Aleo, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| starkware.co | 2017 | Netanya, Israel | $286.52M | – | Zero-knowledge proof roll-up solutions are provided for blockchain scaling. | |
| immutable.com | 2018 | Surry Hills, Australia | $857.4M | – | Blockchain infrastructure for NFT games and applications is developed. | |
| matter-labs.io | 2019 | Berlin, Germany | $252M | – | Blockchain privacy is supported by verifiable computation in finance infrastructure. | |
| mystenlabs.com | 2021 | Palo Alto, United States | $336M | – | Web3 infrastructure solutions are offered via a blockchain platform. | |
| aleo.org | 2019 | San Francisco, United States | $228.48M | – | Blockchain-based network is provided for developers to build applications. | |
| symbiont.io | 2013 | New York, United States | $30.99M | 123 | Smart contract platform | |
| scroll.io | 2013 | Seychelles | $80M | – | A zkEVM-based zkRollup network for EVM-compatible Ethereum solutions is operated. | |
| fantom.foundation | 2018 | Seoul, South Korea | $50M | – | Smart contract platform for digital assets and dApps is maintained. | |
| infstones.com | 2018 | Palo Alto, United States | $165.5M | – | Decentralized infrastructure network for finance | |
| rootstock.io | 2015 | Buenos Aires, Argentina | $1M | – | EVM-compatible smart contracts are facilitated on Bitcoin's sidechain by RootStock. |
Detailed competitors of Movement Labs
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Movement Labs
The website of Movement Labs (movementlabs.xyz) receives about 40.1K visits a month.
- Monthly visits40.1K
▲ 17.9% vs previous month
Websites whose visitors overlap most with Movement Labs. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| pontem.network | 100% | 33.8K | #989,225 | View details | |
| movementnetwork.xyz | 100% | 19.6K | #1,219,194 | View details |
Latest news on Movement Labs
Complete news archive for Movement Labs
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
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- Brand-specific news history
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Similar companies to Movement Labs
10 companies that operate in the same segment as Movement Labs (Blockchain & Decentralized Infrastructure), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Terraform Labs is engaged in blockchain technology development. | 2018 | Singapore, Singapore | USD 57 M | – | – | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, France | USD 575.4 M | – | – | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 85 | |
Developer of blockchain and web3 software platform | 2014 | Fort Worth, Texas, United States | USD 725 M | – | – | |
Public blockchain network platform | 2017 | Zug, Zug, Switzerland | USD 542.29 M | – | – | |
Scalable blockchain interoperability protocols are developed for enhanced network security. | 2017 | George Town, Cayman Islands | USD 450.75 M | – | – | |
Blockchain-based PC and mobile games are developed and published. | 2006 | Kowloon, Hong Kong, China | USD 973.19 M | – | – | |
Protocols for blockchain-based solutions are provided by Aptos. | 2021 | Palo Alto, California, United States | USD 350 M | – | – | |
Cloud-based blockchain platform for application development is provided. | 2013 | San Francisco, California, United States | USD 597.81 M | – | – | |
Blockchain-based fantasy sports marketplace is provided for multiple sports. | 2018 | Saint-mande, Val-de-marne, France | USD 738.84 M | – | – |
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Frequently Asked Questions about Movement Labs
Movement Labs was founded in 2023.
Movement Labs is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Movement Labs is a funded company, having raised a total of $41.4M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3.4M, raised on Sep 2023.
Founded in 2023 and based in San Francisco, United States, Movement Labs operates in the civic technology sector. Data, technology, and experimental approaches are integrated to support progressive causes. A network of volunteers is leveraged to improve security, performance, and user experience. Peer-to-peer texting services are provided to assist grassroots movements and facilitate voter mobilization across the region.
Movement Labs's top competitors include Mysten Labs, StarkWare and Matter Labs.
Movement Labs offers Movement Blockchain and Move Collective.
Movement Labs has 18 investors. Key investors include Binance, Aptos Labs, OKX, Polychain, and BENQi.