Here Not There Labs Raises $25.5M in Series A Funding
- Here Not There Labs, a remote startup advancing new models of communication at the forefront of the internet, raised $25.5m in Series A funding
- The round was led by Andreessen Horowitz via a16zcrypto, with participation from Benchmark and Framework Ventures
- The company intends to use the funds to expand operations and its development efforts
- Here Not ThereLabs is developing towns, a near real-time group chat protocol and app designed for online communities to build better hometowns on the internet
- Towns allows a community’s members to own their town squares with a fully decentralized, end-to-end encrypted chat protocol
- While the company will be stewarding the product initially, governance and control of Towns will be transitioned to the Towns DAO progressively as they move towards decentralization of the network
