Solana-based Squads Labs successfully raised $10 million in a Series A funding round with the participation of Electric Capital and other investors. 
Squads have also launched its retail-oriented iOS wallet app, Fuse, on the testFlight, and is expected to be made available in the main app store by early July. 
The main developer of the Solana-based multisig protocol Squads, Squads Labs, has announced that it has raised $10 million in a Series A funding round. This brings the total funding to $22.5 million after raising $12.5 million on three separate funding rounds. 
According to reports, the funding round was led by Electric Capital with “Coinbase Ventures, Placeholder VC, RockawayX, L1 Digital, and Mert Mumtaz, co-founder and CEO of Helius and founder of Odyssey Ventures” participating. For context, Squads Labs started the fundraising campaign in March and ended it earlier this month. According to Stepan Simkin, CEO of Squads Labs, the funding round was structured as equity w

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