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Scroll - Undisclosed
Overview
Funding Date
March 6, 2023
Financing amount
$50M
Valuation
$1.8B
Catagory
Subcategory
About Scroll - Undisclosed
Scroll, an Ethereum Layer 2 network that uses zk-rollups technology, raised $50 million in a new funding round. Investors in the round included Polychain Capital, Sequoia China, Bain Capital Crypto, Moore Capital Management, Variant Fund, Newman Capital, IOSG Ventures and Qiming Venture Partners.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2016 | 161 | info@polychain.capital | ||
| Fund | China | 2005 | 11 | -- | ||
| Fund | United States of America | -- | 19 | -- | ||
| Fund | Unknown | -- | 1 | -- | ||
| Fund | United States of America | 2020 | 51 | info@variant.fund | ||
| Fund | Hong Kong | 2021 | 19 | -- | ||
| Fund | Hong Kong | 2017 | 105 | hello@iosg.vc | ||
| Fund | China | 2006 | 14 | BP@qimingvc.com |
Founders & Team
Haichen Shen
Sandy Peng
Ye Zhang
Company Profile / Project Introduction
Scroll was founded in 2021 with the vision of scaling Ethereum to a billion users. As a Layer 2 network, Scroll processes transactions off Ethereum on its own network and then ports the transaction data back to Ethereum — helping increase transaction speed and reduce costs.