# Fuel Labs: Information technology & services, United States

> Fuel Labs: Fuel Labs is a blockchain infrastructure company based in Toronto, Canada, founded in 2019. Based in United States. Founded 2019.

Source: https://millionrounds.com/startup/fuel-labs (Millionrounds; every figure on the page links to its filing or article)

United States · [Information technology & services startup](https://millionrounds.com/companies)

# Fuel Labs

Fuel Labs is a blockchain infrastructure company based in Toronto, Canada, founded in 2019.

Funding reported Last round: Venture (Round not Specified)

Information technology & services United States

Company summary

- **Founded:** 2019 7 years old
- **Team:** 27 11 to 50 people
- **Funding reported:** $82M in dollars
- **Last round:** Venture (Round not Specified) Sept 2022

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Fuel Labs has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Fuel Labs

Fuel Labs is a blockchain infrastructure company based in Toronto, Canada, founded in 2019.

It specializes in developing Fuel, a modular execution layer for Ethereum that enhances scalability through parallel transaction execution. The company is known for creating the first optimistic rollup on Ethereum, which launched in late 2020. Fuel Labs has raised $81.5 million in funding, including an $80 million Series A round led by Blockchain Capital and Stratos Technologies in September 2022. The primary product of Fuel Labs is the Fuel Network, featuring the Ignition rollup network designed to improve Ethereum's rollup capabilities. Key technologies include FuelVM, a custom blockchain virtual machine for high throughput and security; Sway Language, a smart contract programming language that addresses EVM limitations; and Rollup OS, an operating system tailored for Ethereum rollups. Fuel Labs also offers services that enhance the blockchain developer experience, focusing on scalability infrastructure, developer tools, and advancing optimistic rollup design. Its target customers include blockchain developers, businesses in decentralized finance (DeFi), and rollup operators.

## What company datasets say Fuel Labs raised

Funding, as reported

Reported in all **$82M** in dollars

Last round **Venture (Round not Specified)**

Last round size **$80M**

Last round date **Sept 2022**

Investors listed **3**

## On 5 portfolio pages

Investors who name them

- [Digital Consensus Fund](https://millionrounds.com/fund/digital-consensus-fund)
- [TRGC](https://millionrounds.com/fund/trgc)
- [MONOLITH](https://millionrounds.com/fund/monolith)
- [xCrypt Capital](https://millionrounds.com/fund/xcrypt-capital)
- [Blockwall](https://millionrounds.com/fund/blockwall)

Each firm lists Fuel Labs on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

information technology & services saas software development computer software b2b

Built with from their website

Google Maps Google Calendar Google Tag Manager Amazon CloudFront Atlassian PWA Lever Google Workspace CloudFlare Viewport Meta

+8 more

Vitess webpack Perl Metamask.NET Webflow Hosting Google Meet CodePen

- **Sector:** Information technology & services
- **Industry code:** NAICS 513210
- **Region:** Kentucky
- **Revenue:** $2.0M a year, as listed

## Information technology & services in United States

Startups like it

- [**Databricks** San Francisco · founded 2013 *Raised*](https://millionrounds.com/company/databricks)
- [**Waymo** Mountain View · founded 2009 *Raised*](https://millionrounds.com/company/waymo)
- [**Crusoe** Denver · founded 2018 *Raised*](https://millionrounds.com/company/crusoe)
- [**Cursor** San Francisco · founded 2017 *Raised*](https://millionrounds.com/company/cursor)
- [**Thinking Machines Lab** San Francisco *Raised*](https://millionrounds.com/company/thinking-machines-lab)
- [**Cognition** San Francisco *Raised*](https://millionrounds.com/company/cognition)
- [**Polymarket** New York · founded 2020 *Raised*](https://millionrounds.com/company/polymarket)
- [**Harvey** San Francisco · founded 2022 *Raised*](https://millionrounds.com/company/harvey)

## Is this your company?

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