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Citrea - Series A
Overview
Funding Date
October 31, 2024
Financing amount
$14M
Valuation
--
Catagory
About Citrea - Series A
Citrea raised $14 million in Series A funding. The investment was led by Peter Thiel's Founders Fund and included contributions from angel investors Erik Voorhees and Balaji Srinivasan. This will help us expand Bitcoin from digital gold to an active, programmable asset.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2005 | 35 | submissions@foundersfund.com | ||
| Angel Investor | United States of America | -- | 5 | erik@shapeshift.io | ||
| Angel Investor | United States of America | -- | 117 | -- | ||
| Fund | Netherlands | 2015 | 65 | joost@maven11.com | ||
| Fund | -- | -- | 83 | -- | ||
| Angel Investor | -- | -- | 3 | -- | ||
| Angel Investor | Canada | -- | 8 | -- | ||
| Fund | United States of America | 2022 | 37 | -- | ||
| Uncategorized | Unknown | -- | 6 | -- |
Company Profile / Project Introduction
Citrea is the first rollup that enhances the capabilities of Bitcoin blockspace with zero-knowledge technology, making it possible to build everything on Bitcoin. This requires no changes to the network's consensus rules. Citrea processes a large number of zkEVM transaction batches and submits a succinct zero-knowledge proof that allows easy verification of the batch validity in an inscription-like envelope to Bitcoin. The zero-knowledge proofs generated by the prover outputs the state difference that batch resulted in, with these proofs then being published to Bitcoin regularly.