Candle Labs, a California-based blockchain technology platform that enables private ecosystems to connect with financial products. According to Crunchbase, the company announced it has raised $48 million in a Series B funding round.
Lead investors in that round were not disclosed.
This funding will help the company to expand its business growth.
Candle Labs develops software for decentralized services and use cases like finance. The CNDL blockchain, for example, is used to connect decentralized financial tools.