Lightning Network development firm ACINQ raises $8M Series A

ACINQ, one of the three main Lightning Network development firms, has raised an $8 million Series A led by Idinvest Partners, with the participation of Serena and Bpifrance, a state-owned French investment bank.

According to ACINQ, the new round of financing will be used to expand its business as a major Lightning node operator and liquidity provider. To date, ACINQ has raised a total of $10 million in venture funding.

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ACINQ is known for its Eclair Lightning network implementation and mobile wallet app. The firm has also developed Strike, an API for businesses to accept Lightning Network payments.

“Bitcoin is set to become the currency of the digital era, but its story is just beginning. Lightning will allow it to move to a new dimension and become universal. ACINQ’s team includes some of the best Lightning experts in the world," says Nicolas Debock, managing director of Idinvest Partners.

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Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi

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