• Lightning Labs has raised $70 million in its latest funding round.
  • The funding will empower the company’s goal to further expand Bitcoin and Lightning technologies.
  • The round was led by Valor Equity Partners, early backers of Tesla and SpaceX, and joined by global asset manager Baillie Gifford.

Lightning Labs today announced it had raised $70 million in a series B funding round to further expand its development of open-source Bitcoin and Lightning software, the company said in a statement sent to Bitcoin Magazine.

By Antoni