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VRRB Labs Raises Pre-Seed Round at $20 Million Valuation As It Builds Its Own Layer 1

VRRB (pronounced "verb") Labs, a Miami-based crypto startup that is developing a Layer 1 blockchain network, raised $1.4 million in a pre-seed funding round.

Investors in the round included Jump Crypto, Big Brain Holdings and Taureon. It was an equity plus token warrant round, giving VRRB Labs a valuation of $20 million, Andrew Smith, founder of VRRB Labs, told The Block in an interview.

(By Yogita Khatri)

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