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Initia - Community Raise
Overview
Funding Date
September 28, 2024
Financing amount
$2.5M
Valuation
--
Catagory
About Initia - Community Raise
Initia has raised an additional $2.5 million Community Round — the first deal in The Echonomist. With over 800 participants, the round closed in just under two hours!
Founders & Team
Stan Liu
Ezaan Mangalji
Company Profile / Project Introduction
Initia is a network for 0-to-1 omnichain rollups built by fusing a novel L1 with an interwoven application-specific L2 infrastructure system. The Initia Platform provides product ready rollups that enables teams to build scalable and sovereign systems while eliminating the UX complexities end users face when interacting with a modular multi-chain universe. Initia’s ownership of the full tech stack allows for a suite of chain-level mechanisms that align the economic interests across users, developers, L2 app chains, and the L1.