Wilmington, DE – According to filings with the U.S. Securities and Exchange Commission, XMTP Labs is raising $25,573,502.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Matthew Galligan played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About XMTP Labs
At XMTP Labs were building the Extensible Message Transport Protocol. Communication on todays internet is fragmented amongst walled gardens, rampant with scams and spam, and controlled by a few powerful corporations that exploit its users for profit. We believe the world deserves a means of communication that’s open to everyone, on a network where users control their identity, reap economic benefit from participation, and isn’t controlled by one single entity. Our mission at XMTP is to build an open, crypto-native communication protocol that connects communities, applications, and users.

To learn more about XMTP Labs, visit http://www.xmtp.com/

Contact:
Matthew Galligan, Chief Executive Officer
206-452-8832
https://www.linkedin.com/in/mattgalligan/

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