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Series B Round

For EspressoSys

$28.0M Jan 01, 2024
Funding Details

Espresso Systems is a leading Layer 2 (L2) interoperability solution that enhances blockchain scalability and connectivity, enabling seamless transactions across different blockchain networks. The company is advancing a shared sequencing marketplace and finality gadget that connects various layer-2 scaling solutions, aiming to improve the overall efficiency and usability of blockchain technology. This funding will be utilized to further develop their technology, expand their market presence, and support strategic partnerships. Additionally, it will enhance their product offerings in the rapidly evolving blockchain ecosystem, positioning Espresso Systems as a key player in the future of decentralized finance and blockchain interoperability.

Confidence Score
Data extraction confidence: 90%
Participating Investors
a16z Crypto Startup Accelerator (CSX)

The accelerator for early-stage companies building with crypto and blockchain technologies, hosted by a16z crypto.

Polygon Labs

Polygon Labs is focused on investing in projects that utilize its Supernets blockchain, enabling an infinitely scalable web of sovereign blockchains t...

StarkWare

StarkWare is an Israeli software company that specializes in cryptography, developing zero-knowledge proof technology to enhance blockchain scalabilit...

Offchain Labs

Offchain Labs is a venture-backed, Princeton-founded company that has dedicated over 5 years to blockchain research and development, specializing in E...

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Other Data Sources
1
Exa Round Data
Apr 23, 2025
Exa Enrichment History
1

Fields Updated
amount stage currency announced_date description
Enrichment Details
Stage
Series B
Amount
28.0
Currency
USD
Announced Date
2024-01-01T00:00:00
Description
Espresso Systems is a strong Layer 2 (L2) interoperability solution that enhances blockchain scalability and connectivity, enabling seamless transactions across different blockchain networks.
Enrichment History
  • {'updated_at': '2025-04-25T00:15:35.924190', 'fields_updated': {'amount': True, 'stage': True, 'currency': True, 'announced_date': True, 'description': True}, 'query_used': 'EspressoSys Series B funding round investment valuation', 'sources_count': 5}
Source URLs