Element raised $30 million series B backed by Protocol Labs and Skype founder Jaan Tallinn’s Metaplanet.

Element, a London, UK-based software developer of an end-to-end encrypted team messaging platform powered by the Matrix protocol, announced closing series B at $30 million.

The money was raised from investors including Protocol Labs (the creators of libp2p, IPFS, Filecoin, and more), Metaplanet, the investment fund set up by Jaan Tallinn, co-founder of Skype and existing investors Automattic and Notion Capital.

Proceeds will be used for new features development, expand in the enterprise market and take Matrix fully mainstream.

Element, founded in 2017 by Amandine Le Pape and Matthew Hodgson, developed a decentralised, open-source team communication app built on the Matrix protocol. Matrix is a not-for-profit open source protocol and allows anyone to run their own secure collaboration and messaging server. The global Matrix network has got 35 million users spread over about 76 thousand servers.

Element previously raised about $18 million.