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EthStorage - Seed
Overview
Funding Date
July 27, 2023
Financing amount
$7M
Valuation
$100M
Category
Subcategory
About EthStorage - Seed
EthStorage has successfully raised $7M in a seed round with a $100M valuation. It was led by dao5, with participation from prominent investors like SevenX Ventures, Foresight Ventures, Dragon Roark, Sky9 Capital, Avant Blockchain Capital, FutureMoney Group, Gate Ventures, Galxe, GeekCartel.eth, W3.Hitchhiker.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2022 | 38 | -- | ||
| Fund | China | 2020 | 108 | [email protected] | ||
| Fund | Russian Federation | 2010 | 80 | [email protected] | ||
| Fund | Singapore | -- | 5 | -- | ||
| Fund | China | 2016 | 28 | [email protected] | ||
| Fund | Unknown | 2023 | 1 | [email protected] | ||
| Corporate | Hong Kong | 2017 | 10 | [email protected] | ||
| Fund | -- | -- | 17 | -- | ||
| Corporate | Unknown | -- | 9 | -- | ||
| Fund | Singapore | -- | 13 | -- |
Founders & Team
Qi Zhou
Company Profile / Project Introduction
EthStorage is a layer 2 solution that provides programmable dynamic storage based on Ethereum’s data availability. EthStorage will greatly reduce the storage cost of storing a large amount of data on Ethereum, saving the cost to 1% to 0.1%. The low cost of storing large data by EthStorage can better enable a fully decentralized network in the future. EthStorage is highly integrated with EVM and is compatible with Solidity, Remix, Hardhat, and MetaMask. The team received a research grant from the Ethereum Foundation for data availability research.