The age of decentralised communication is upon us! Element, the startup behind the end-to-end encrypted team messaging platform powered by the Matrix protocol, has raised $30M (approx €25.4M) in funding in the Series B round.
The round is led by Protocol Labs (the creators of libp2p, IPFS, Filecoin, and more) and Metaplanet – the investment fund set up by Jaan Tallinn, co-founder of Skype. Others including Automattic and Notion also participated in the round. To date, the company has raised $48 million in funding.