NEW: Ethereum scaling project Scroll raises $30 million from Bain Capital and others (via Yogita_Khatri5)
Scroll has raised $30 million in Series A funding as the Ethereum scaling project plans to develop its network.
Sharing the news exclusively with The Block on Thursday, Scroll said Polychain Capital led the funding, with Bain Capital Crypto, Robot Ventures, Geometry DAO and others participating. Scroll co-founder Sandy Peng declined to comment on whether the funding was raised via an equity round or a simple agreement for future tokens sale.With fresh capital in hand, Scroll plans to increase its team size and launch a testnet.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ganni Goes Even More Circular, Partnering With Hurr on Rentals in U.K.British website Hurr has recently raised $5.4 million in seed funding led by Octopus Ventures.
Read more »
Decentralized identity startup Spruce raises $34 million in funding round led by a16zIn a Series A round led by a16z, startup Spruce raised $34 million.
Read more »
Cuyahoga County communities to get $4.5 million in grants for community development projectsThirty-nine Cuyahoga County municipalities and organizations are expected to receive a portion of over $4.5 million in community development grants for various street, facility or program improvement projects.
Read more »
The Sandbox gears up to raise $400 million at a $4 billion valuation: reportThe news comes less than six months after the platform raised $93 million in a Series B round led by SoftBank.
Read more »
Enterprise blockchain provider BlockApps raises $41 millionBlockApps, an enterprise blockchain provider, has raised $41 million in funding to grow its development team and accelerate its go-to-market strategy, the company announced today.
Read more »
Elon Musk's Tunnel-Making Venture Boring Company Hits $5.7 Billion ValuationThe Boring Company said it has raised $675 million in a funding round valuing the firm at $5.675 billion.
Read more »