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Soda Labs raises $3M from NextBlock to build privacy infrastructure for regulated on-chain money. The seed funding will expand Bubble across multiple blockchain networks.

PRIVATEOct 08, 2026

Amount Raised

$3 Million

Round Type

Seed

Blockchain

Investors

NextBlock

Description

Soda Labs disclosed a $3 million seed round funded entirely by NextBlock, a Luxembourg-based venture firm. The capital will enable the company to expand its Bubble privacy layer from COTI to Ethereum, Polygon, Arbitrum, Base, and eventually Solana. Bubble is a chain-agnostic coprocessor that processes private workloads without exposing data to outside parties. The funds will support commercial adoption and transition the company from pilots to production over the next 12 to 18 months.

Company Information

Company

Soda Labs

About

Soda Labs is a privacy infrastructure company building tools for banks and payment firms to move regulated money on public blockchains while preserving privacy on transaction details such as balances, amounts, and counterparties. The company developed Bubble, a chain-agnostic coprocessor that uses garbled-circuit multiparty computation to perform calculations on encrypted data without exposing sensitive information. Bubble is currently active on Ethereum, Arbitrum, Base, and Polygon, with Solana integration planned. Soda Labs has achieved significant performance improvements, processing 500 confidential transactions per second on Arbitrum with three granted US patents and audited security.

Fundz sees it the moment Soda Labs raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Soda Labs raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.