Notebook Labs Raises $3.3M in Seed Funding
Summary
The round was led by Bain Capital Crypto, with participation from Y Combinator, Soma Capital, Abstract Ventures, Pioneer Fund, NFX, Very Serious Ventures Partner Chase Adams, Algofi Co-Founder Owen Colegrove, and Landeed Founder and CEO Sanjay Mandava. The company intends to use the funds to further expand its development team and scale its technological infrastructure. Founded by Nathaniel Masfen-Yan, Solal Afota, and Dhruv Mangtani, Notebook Labs is an identity infrastructure layer that allows existing identity providers to interact with Web3 while maintaining anonymity and privacy using zero knowledge proofs. The company provides an identity layer to be privacy preserving and work across chains. Creators and communities can run Sybil-resistant airdrops, DAOs can verify the humanity and aggregate the credentials of participants, and lending protocols can build credit scoring systems to offer lower-collateralized loans.