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Ex-Meta Staffers Raise $150 Million for New Crypto Venture

Aptos Labs is now a unicorn twice over.

Aptos Labs, a startup that rose from the wreckage of Meta Platforms Inc.’s failed crypto ambitions, has raised $150 million in new funding, the company announced Monday. 

The funding round more than doubled the startup’s previous valuation—which was over $1 billion in March—even as venture capitalists cool on crypto investing, and other digital currency startups look to raise at lower valuations during the market downturn. Founded less than a year ago, Aptos raised $200 million from investors in its last funding round. The company declined to specify its new valuation.