Squads in the Solana ecosystem completes a $10 million Series A financing round with Electric Capital as the lead investor.

Squads Labs, the developer of the multi-signature protocol Squads in the Solana ecosystem, announced the completion of a $10 million Series A funding round led by Electric Capital. This funding round also attracted participation from Coinbase Ventures, Placeholder VC, RockawayX, L1 Digital, Helius' co-founder and CEO, as well as the founder of Odyssey Ventures, Mert Mumtaz. Additionally, Squads Labs has launched the Fuse iOS wallet application targeting the retail market, which is currently undergoing testing on public TestFlight.