Celestia Raises $100 Million in Funding Round Led by Bain Capital Crypto

Celestia Secures $100 Million Funding Round Led by Bain Capital Crypto

In recent blockchain news, Celestia has successfully announced a significant funding round of $100 million, led by Bain Capital Crypto. This notable investment also saw participation from a variety of investors, including 1kx, Syncracy Capital, Placeholder, and Robot Ventures. With this latest round, Celestia has now garnered a total of $155 million in funding to date.

Advancements in Blockspace Scalability

Mustafa Al-Bassam, the co-founder of Celestia and chair of the Celestia Foundation, expressed excitement regarding the project's evolution. He stated that Celestia has progressed from what he referred to as the 'dial-up era' to the 'broadband era' concerning blockspace scalability. This transformation is pivotal as the core developers have unveiled a technical roadmap designed to further enhance blockspace scalability to what they term the 'fiber optic era.' Most importantly, this transition aims to ensure both verifiability and low latency.

AminoChain Receives $5 Million Seed Round from Andreessen Horowitz

In another exciting development, Andreessen Horowitz (a16z) recently made headlines with its first foray into the realm of decentralized science projects through an investment in AminoChain. The decentralized science firm announced a $5 million seed round led by a16z, marking a significant step forward in blockchain's application in healthcare.

Revolutionizing Healthcare with Transparency

Arianna Simpson, a general partner at a16z, highlighted the transformative potential of blockchain technology in industries that prioritize transparency, security, and ownership. AminoChain aims to offer patients who donate bio-samples greater transparency regarding the utilization of their donations. This innovative project seeks to bridge the gap by connecting enterprise medical institutions and fostering the development of relevant healthcare applications.

Other Noteworthy Funding Rounds

• Polymarket is reportedly considering raising over $50 million in new capital, according to reports from The Information.
• Initia announced a $14 million Series A round, led by Theory Ventures, with contributions from Delphi Ventures and HackVC.
• Mawari Network raised over $10 million in strategic funding led by Borderless, 1kx, and Antfield.
• Daylight secured $6 million in a funding round led by Union Square Ventures and 1kx, with participation from Framework Ventures and Chapter One.

The funding activities in the blockchain space continue to highlight the growing interest and investment in innovative solutions. Investors are keenly observing these advancements as they reflect the broader trends in the industry.