Orb Labs builds cross-chain messaging protocols and tools for developers to enable blockchain interoperability. Its primary products are Earlybird, a cross-chain messaging protocol the company says is more than 10x cheaper than other protocols with configurable security models, and MagicLane, an omnichain token and messaging platform built on Earlybird. Founded in 2022 by Richard Adjei and Felix Madutsa, Orb Labs emphasizes efficiency, security, and gas-cost reductions for applications such as cross-chain exchanges, lending, and yield farming. The company claims Earlybird can make certain DeFi exchanges more than 40% cheaper on Ethereum versus protocols like Uniswap and enables trust-minimized native bridges for L1/L2 developers. Orb Labs raised $4.5M in a seed round and will use the proceeds to expand its team, accelerate product development, scale technology capabilities, and perform security audits ahead of launch. The firm is already in conversations with several DeFi and L1/L2 developers and is hiring across engineering, marketing, community, partnerships, integrations, and business development.

Total raised

$5M

Funding rounds

1

Latest round

Seed

Latest activity

Feb 2023