Teenage Founder Raises $30 Million for Crypto Startup
Community Labs’ 19-year-old leader is building software and developer tools on the Arweave platform.
Tate Berenbaum, founder of startup Community Labs
Source: Community Labs
Instead of baking sourdough or hanging out on Zoom during the depths of the pandemic, Tate Berenbaum spent most of the time coding in his basement. There, the high schooler built developer tools for Arweave, a blockchain-like platform known for permanent data storage. At the time, he didn’t realize the results would be life-changing.
Now 19 years old, Berenbaum has raised $30 million for Community Labs, a software startup and venture studio dedicated to supporting crypto projects on Arweave. Berenbaum said in an interview that he moved to New York and has put his first year at the University of Virginia on hold as he builds out the company.