Thiel-Backed Cryptography Startup Lagrange Raises $13M
Summary
Peter Thiel's Founders Fund led a $13.2 million seed funding round into Lagrange Labs, a cryptography startup focused on Ethereum's EigenLayer restaking platform. Lagrange specializes in zero-knowledge (ZK) proofs, with its main product being an off-chain network of specialized nodes that execute intensive computations and generate ZK proofs. This allows decentralized applications on blockchain to access heavy computations off-chain without trusting the off-chain prover. Lagrange will base its security on EigenLayer, with reputable groups like Kraken and Galaxy running its infrastructure. The seed round also included participation from Archetype Ventures, 1kx, Maven11, Fenbushi Capital, Volt Capital, CMT Digital, Mantle, and Ecosystem.
