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      Citrea's Logo

      Citrea - Series A

      Overview Investors Company Profile / Project Introduction

      Overview

      Funding Date

      October 31, 2024

      Financing amount

      $14M

      Valuation

      --

      Catagory

      Infrastructure

      Subcategory

      Bitcoin Layer 2

      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

      InvestorsTypeLocationYear Founded#Portfolio CompaniesEmail AddressSocials
      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 66 joost@maven11.com
      Fund -- -- 84 --
      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.

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      *Fundraising Announcement: Click here