PXR advised Berlin-based M^ZERO Labs on its latest $22 million financing. The round was led by Pantera Capital. Other investors include Road Capital, AirTree, Standard Crypto, The SALT Fund, ParaFi Capital, Distributed Capital, Kraynos Capital, Mouro Capital and Earlybird.
M^ZERO Labs is developing a decentralised network that connects assets in the global financial system with decentralised applications. In doing so, the company aims to establish its solution as a decentralised money middleware. According to M^ZERO Labs, the new money will be used to continue building up its infrastructure and to support ongoing product development.
The PXR team for M^ZERO Labs consisted of Dr. Peter Möllmann, Katharina Erbe and Asina Roth.