PANews reported on March 28 that crypto infrastructure startup Conduit has completed a $7 million seed round of financing, led by Paradigm, with participation from Robert Miller, Ludwig Pettersson, Dan Romero, Guillaume Poncin, Joshua Ma and Lakshman Sankar. The new funds will help Conduit continue its first product launch and achieve its goal of becoming profitable.

Conduit provides managed services to help developers easily and quickly deploy their applications to Optimism. Conduit and the Optimism Foundation will work together to support developers in launching applications on the chain and transitioning to its upcoming Superchain blockchain network.