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      Essential's Logo

      Essential - Seed

      Panorama Inversor Fundadores & Equipo Profil de l'entreprise / Introduction du projet

      Panorama

      Fecha

      September 21, 2023

      Monto de financiación

      $5.15M

      Valuación

      --

      Categoría

      Infrastructure

      Subcategoría

      Tooling

      Acerca de Essential - Seed

      Essential raised $5.15M in a financing round on Sep 21, 2023. The round was backed by Maven 11 Capital, Robot Ventures, Karatage and others. In total, there were 8 investors that participated in the round.

      Inversor

      InversoresTipearUbicaciónAño de fundación#Empresas de portafolioDirección de correo electrónicoSociales
      Fund Netherlands 2015 67 [email protected]
      Fund United States of America 2019 114 [email protected]
      Uncategorized -- -- 15 --
      Angel Investor -- -- 8 --
      Corporate Unknown -- 3 --
      Angel Investor United States of America -- 4 --
      Angel Investor Unknown -- 1 --
      Angel Investor Unknown -- 2 --

      Fundadores & Equipo

      Liesl Eichholz's Logo

      Liesl Eichholz

      Simon Roberts's Logo

      Simon Roberts

      Profil de l'entreprise / Introduction du projet

      Essential is a blockchain startup developing an intent-centric or declarative Ethereum Layer 2 network as an Optimistic rollup. Unlike traditional blockchains that use a transaction-based model (where users provide exact instructions), Essential employs an intent-based model (where users specify the desired outcome). As a Layer 2, Essential handles user intents off-chain using "specialized solvers" to make the process more efficient. This approach seeks to improve the user experience, reduce the on-chain workload and enhance scalability.

      Founded earlier this year, Essential is trying to rewire transaction supply chains in crypto to minimize value extraction by what it describes as "rent-seeking intermediaries," for the benefit of users.

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