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Initia - Series A
Overview
Funding Date
September 25, 2024
Financing amount
$14M
Valuation
--
Catagory
About Initia - Series A
Initia has raised $14 million in a Series A funding round. Tomasz Tunguz's Theory Ventures led the round, with Delphi Ventures and Hack VC participating. Angel investors such as Keone Hon of Monad Labs, Bryan Pellegrino of LayerZero Labs, Zaki Manion of Sommelier Finance, Jordi Alexander of Selini Capital and Michael Egorov of Curve Finance also joined the round.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Corporate | Unknown | -- | 2 | -- | ||
| Corporate | United States of America | 2018 | 19 | -- | ||
| Fund | United States of America | 2017 | 68 | ed@hack-vc.com | ||
| Angel Investor | Unknown | -- | 4 | -- | ||
| Angel Investor | Canada | -- | 7 | -- | ||
| Angel Investor | Unknown | -- | 1 | -- | ||
| Angel Investor | Unknown | -- | 6 | -- | ||
| Angel Investor | Unknown | -- | 12 | -- |
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.