Labrys closes $20m Series A Round

CEO and Co-Founder August Lersten:

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"The MD One Team were our first external investors at the pre-seed stage- bringing conviction and first check capital when our software thesis was still unproven, and when there was greatest risk. They moved fast and supported us as founders consistently during the toughest periods, and we are grateful for this crucial support.

They are a testament that the Venture Capital ecosystem can deliver for businesses such as ours, when led by funds who have the correct mission domain expertise, and we are very grateful."

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“Being unable to verify if a person can be trusted, if a task has been completed or work out how to pay them has been preventing successful humanitarian, aid and military missions for too long. Yet solving the issues has historically been considered too complex and too difficult, leaving organisations stuck using disparate and insecure platforms.

We created Labrys to solve these tough workforce and team coordination problems in logistics, risk and humanitarian crisis response and we’ve built a talented team to tackle the hardest technical problems in this space."

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Times: Article

Tech.EU: Article

UK Tech News: Article

Silicon Canals: Article

UK Tech Investment News: Article

Business Matters: Article

Fin SME's: Article

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‍About Labrys

Labrys is a technology company building Axiom, a secure workforce management platform that helps organisations verify, support and pay their globally dispersed teams. This enables clients to save time, reduce costs and minimise risk when managing operations at scale and in regions with little to no infrastructure. Built by a team of defence and national security veterans, engineers and technologists, Labrys is building the trust infrastructure for globally distributed teams. https://www.labrys.tech/

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About MD One

Founded in 2021 as Europe's first National Security specialist VC, MD One Ventures is a Venture Capital firm, investing in Pre- Seed to Series A National Security technology companies.

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