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Spearbit raises $7M to improve security audits in crypto through its open marketplace

Security is paramount in crypto, but as regular coverage of hacks and other exploits make plain, it is not taken seriously enough. Spearbit wants to change that, and it just raised a new round to accelerate its efforts. The startup raised $7 million in a funding round led by Framework Ventures with Nascent, 1kx, Volt Capital, Breed VC, Robot Ventures and others participating, the company exclusively told TechCrunch. The startup previously raised a pre-seed round of $1.5 million in late 2021, bringing its total capital raised to $8.5 million today. In the past few months, the firm has worked with major clients including OpenSea, Nouns DAO and Polygon.

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