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Celestia Foundation secures 0M capital led by Bain Capital Crypto

Celestia Foundation secures $100M capital led by Bain Capital Crypto

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Source: Coin Telegraph

The investment round’s backers include Bain Capital, Syncracy Capital, 1kx, Robot Ventures, and Placeholder, bringing Celestia’s total fundraising to $155 million.

The Celestia Foundation has secured $100 million in a funding round led by Bain Capital Crypto, with contributions from investors like Syncracy Capital, 1kx, Robot Ventures, and Placeholder. 

According to a Sept. 23 announcement, the capital raised brings Celestia’s total fundraising to date to $155 million after a recent launch as one of the first modular data availability layer protocols.

The startup targets one of the key challenges in blockchain networks: scalability and data availability.

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Author: Ana Paula Pereira