Fuel Labs
The Rollup OS for Ethereum.
Toronto, Canada · Founded 2019 · $81.5M raised
- Headquarters
- Toronto
- Employees
- 11–50
- Founded
- 2019
- Business Model
- B2B
- Website
- fuel.network
- Total Funding
- $81.5M
- Last Round
- $80.0M Series ASep 2022
- Rounds
- 2
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
About
Fuel Labs builds Fuel Ignition, a high-performance Ethereum layer-2 powered by the FuelVM and designed for home verification and mass adoption. The architecture emphasizes parallel execution, state minimization, native account abstraction, and native assets, with reported throughput above 600 TPS on Ethereum data availability and one-second block times. Developers write contracts in Sway, Fuel's domain-specific language with a Solidity transpiler, using an all-in-one toolchain. Fuel V1 launched in 2020 as the first optimistic rollup on Ethereum mainnet and the first to reach stage-2 security status.
Summary
Fuel Labs is an Infrastructure company based in Toronto, Canada, founded in 2019. It has raised $81.5M in total across 2 rounds, most recently a $80.0M Series A round in Sep 2022. Investors include Blockchain Capital, Stratos Technologies and Coinfund.
Tech & App Stack
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Funding History
Sep 2022
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Funding: Seed through Series A. Amounts, valuations, and investors where available.
Investors
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