Private Equity

VC Fund Investments

Web3 startup Stackr Labs raises $5.5 M from Archetype, others

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US- and India-based Web3 developer tools startup Stackr Labs has raised USD 5.5 million (INR 45.8 crore) in a seed funding round led by Archetype. The round also saw participation from Lemniscap, a16z CCS, Superscrypt, Spartan, Scalar Capital t0 capital. Angel investors in the funding round include Anurag Arjun, Sreeram Kanan, Mustafa Al-Bassam, Arjun Bhuptani, Rahul Sethuram and Layne Haber. Founded by Kautuk Kunda, Stackr Labs aims to empower developers to build scalable decentralised applications in the Web3 space, using familiar Web2 tools. The new funds will be used to hire talent, prepare for the upcoming launch of the platform and expand Stackr's developer ecosystem.