TechFlow news — On October 17, according to The Block, Squads Labs, the lead developer of Squads, a multisig protocol built on Solana, has raised $5.7 million in a strategic funding round. Placeholder VC led the round, with participation from Multicoin Capital, Solana Ventures, Jump Crypto, and others.
Angel investors include Anatoly Yakovenko, co-founder of Solana Labs; Lucas Bruder, CEO of Jito Labs; and Mert Mumtaz, CEO of Helius Labs. This funding brings the company's total raised capital to date to $12.5 million.




