Solana infrastructure developer Nitro Labs completes $4 million seed round
Nitro Labs, the team behind Termina, the Solana scaling infrastructure platform, raised $4 million in seed funding led by Lemniscap, with participation from Animoca Ventures, Borderless Capital, Finality Capital, Race Capital and No Limit Holdings. In addition, undisclosed angel investors such as Solana Foundation, Jump Crypto and Spartan also participated in the round. Termina is an open-source platform designed to make it easy for developers to deploy custom Solana Rollup or SVM "network extensions".