Iddris Sandu

Spatial Labs Secures $10M in Seed Funding Led by Blockchain Capital

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Thursday, January 26, 2023
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LOS ANGELES, Jan. 26, 2023 /PRNewswire/ -- Spatial Labs, the leading infrastructure company powering new technologies to redefine the consumer experience for the next generation, announced today a $10 million seed funding round led by Blockchain Capital, a leading venture firm in the blockchain industry. Jay-Z's Marcy Venture Partners has also returned to participate in this round. The close of the seed round brings the company's total funding to over $14 million.

Key Points: 
  • LOS ANGELES, Jan. 26, 2023 /PRNewswire/ -- Spatial Labs , the leading infrastructure company powering new technologies to redefine the consumer experience for the next generation, announced today a $10 million seed funding round led by Blockchain Capital, a leading venture firm in the blockchain industry.
  • "Our investment in Spatial Labs reflects our view that this technology presents an unparalleled opportunity to solve some of the landscape's most complex challenges," said Bart Stephens, Founder & Managing Partner of Blockchain Capital.
  • "Spatial Labs is designing next-gen technologies to connect brands to younger demographics that shop and interact with products in completely new ways.
  • Through our technology solutions, we provide brands with rich consumer data and previously inaccessible revenue models," said Iddris Sandu, Founder of Spatial Labs.

JAY-Z's Venture Capital Firm, Marcy Venture Partners (MVP) invests in 24 Year-old Founder Iddris Sandu on an innovative tech incubator shaping the metaverse

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Friday, October 22, 2021
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LOS ANGELES, Oct. 22, 2021 /PRNewswire/ --Marcy Venture Partners (MVP) invests in 24 year-old technologist Iddris Sandu's impact-driven tech incubator: spatial LABS (sLABS).

Key Points: 
  • LOS ANGELES, Oct. 22, 2021 /PRNewswire/ --Marcy Venture Partners (MVP) invests in 24 year-old technologist Iddris Sandu's impact-driven tech incubator: spatial LABS (sLABS).
  • The multi-tiered partnership between MVP and sLABS will explore the unlimited possibilities at the intersection of tech, culture and humanity.
  • sLABS first endeavor is the launch of LNQ; an innovative, state of the art blockchain-enabled hardware platform.
  • "Iddris has a conscious world view and a youth centric vision that is innovative and refreshing to witness.