Yesterday, David Marcus announced he has founded Lightspark, which will develop solutions using the Bitcoin Lightning network. Marcus left Meta at the end of 2021 after leading the Novi division and wallet, which was originally intended to support the now abandoned Diem stablecoin.
He is joined by several key executives from Diem and Novi, including Christian Catalini as Chief Strategy Officer.
Lightspark has received an undisclosed amount in a Series A funding round led by a16z and Paradigm. Other participants include Thrive Capital, Coatue, Felix Capital, Ribbit Capital, Matrix Partners, Zeev Ventures and others.
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