Taiko Raises US$37M from Top-tier VCs Ahead Of Mainnet Launch
NEW YORK and LONDON and SINGAPORE, March 2, 2024 /PRNewswire/ -- Taiko, an Ethereum Layer 2 scaling solution provider, today announced the close of commitments for a US$15 million Series A funding round led by Lightspeed Faction, Hashed, Generative Ventures, and Token Bay Capital. Other notable participating investors in this latest round include Wintermute Ventures, Presto Labs, Flow Traders, Amber Group, OKX Ventures, GSR, WW Ventures, and more. The close of its most recent round brings Taiko's total capital raised to US$37 million across three rounds. The closing of its Series A round comes just ahead of Taiko's highly-anticipated mainnet launch.
- Last month, Taiko launched a new testnet, Katla , which has seen >1.1M wallet addresses and >13M total transactions to date.
- The closing of its Series A round comes just ahead of Taiko's highly-anticipated mainnet launch.
- Taiko is an Ethereum-equivalent ZK-Rollup, scaling Ethereum by supporting all EVM opcodes in a Layer 2 architecture that is decentralized, permissionless, and secure.
- Since it was founded in 2022, Taiko has successfully executed six testnets involving over 1,100,000+ unique wallets, 30,000+ proposers, and 14,000+ provers.