February 5, 2020 Lightning Labs raises $10 million in Series A funding and launches Lightning Loop beta.

Lightning Labs, a major Lightning Network development team, raised $10 million in Series A funding. Craft Ventures led the round, with other participants including Ribbit Capital, RRE Ventures, Slow Ventures, and M13. Lightning Labs also announced the beta release of Lightning Loop, a paid service intended to help merchants or exchanges maintain liquidity in channels.