Lasso Labs: Raises $4.2M in Initial Funding

Lasso Labs Raises $4.2M in Initial Funding

• Lasso Labs, a San Mateo, CA-based provider of a data platform to discover and create utility for digital assets like NFTs, raised $4.2M in Initial funding
• The round was led by Electric Capital, with participation from Ethereal Ventures, Village Global, OpenSea, Page One Ventures, Sriram Krishnan, 0x650d, Chandan Lodha, Will Papper, David Choi, and Soso Sazesh
• The company intends to use the funds to accelerate growth and expand operations
• Lasso provides a platform that ingests real-time data from on-chain and off-chain sources, automatically tags instances of utility, and populates its utility registry with structured records
• The company is announcing an invite-only beta program for its first product: a discovery platform that gives users a real-time view of any access, offers, rights, or other opportunities tied to specific NFTs