Quick take:
- Lightspeed Venture Partners was joined by Mubadala Capital, the asset management subsidiary of Mubadala Investment Company.
- Existing investors Pantera Capital, Framework Ventures, Bain Capital Ventures, and Digital Currency Group also participated in the round.
- Andalusia Labs also launched its global headquarters in Abu Dhabi’s Financial Center, Abu Dhabi Global Markets.
Andalusia Labs, formerly RiskHarbor has announced a $48 million Series A round at a $1 billion valuation. The funding round was led by Lightspeed Venture Partners with participation from Mubadala Capital, the asset management subsidiary of Mubadala Investment Company (MIB). Mubadala is one of the two sovereign wealth funds in Abu Dhabi, managing assets worth $280 billion.
Existing investors joining the round include Pantera Capital, Framework Ventures, Bain Capital Ventures, and Digital Currency Group. Andalusia is also backed by Coinbase, Proof Group, Nima Capital, and Naval Ravikant.
This fundraising was also accompanied by the launch of Andalusia Labs’ global headquarters in Abu Dhabi’s Financial Center, Abu Dhabi Global Markets, underscoring the company’s commitment to…
