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      Essential's Logo

      Essential - Series A

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

      Panorama

      Fecha

      August 13, 2024

      Monto de financiación

      $11M

      Valuación

      --

      Categoría

      Infrastructure

      Subcategoría

      Tooling

      Acerca de Essential - Series A

      Essential raised $11.00M in a financing round on Aug 13, 2024. The round was backed by Archetype, IOSG Ventures, The Spartan Group and others. In total, there were 8 investors that participated in the round.

      Inversor

      InversoresTipearUbicaciónAño de fundación#Empresas de portafolioDirección de correo electrónicoSociales
      FundUnited States of America202134--
      FundHong Kong2017102hello@iosg.vc
      FundSingapore2018174info@spartangroup.io
      Fund----79--
      FundHong Kong201766contact@ambergroup.io
      FundNetherlands201562joost@maven11.com
      FundUnited States of America--125--
      FoundationUnknown--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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