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Orchid Labs is in the process of raising $125 million for its surveillance-free layer atop the internet
2018-04-21T00:46:43Z - Connie Loizos / TechCrunch
Orchid Labs is in the process of raising $125 million for its surveillance-free layer atop the internetOrchid Labs, a San Francisco-based startup that’s developing a a surveillance-free layer on top of the internet, has raised a bunch of funding, according to a newly processed SEC filing that shows the year-old startup has closed on $36.1 million. The money comes just five months after Orchid closed on a separate, $4.5 million in funding from investors, including Yes VC, cofounded by serial entrepreneurs Caterina Fake and Jyri Engeström. Others of its earliest backers include Andreessen Horowitz, DFJ, MetaStable, Compound, Box Group, Blockchain Capital, and Sequoia Capital, according to its site. So far, judging by the filing, the company has raised that $36.1 million via a SAFT agreement, an investment contract offered by cryptocurrency developers to accredited investors. The filing shows that 42 individuals have participated to date.

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