TLDR:
- Taiko Labs raised a total of US$37 million across three rounds, with its most recent Series A round led by Lightspeed Faction, Hashed, Generative Ventures, and Token Bay Capital.
- Taiko launched a new testnet, Katla, with over 1.1 million wallet addresses and over 13 million total transactions to date.
In a recent announcement, Taiko, an Ethereum Layer 2 scaling solution provider, revealed that it has secured US$15 million in a Series A funding round led by Lightspeed Faction, Hashed, Generative Ventures, and Token Bay Capital, among others. This brings Taiko’s total raised capital to US$37 million across three rounds, setting the stage for its highly-anticipated mainnet launch.
Taiko is recognized for being the largest Discord community in the rollups space, boasting over 850,000 members. The company’s recent testnet, Katla, has seen significant traction with over 1.1 million wallet addresses and over 13 million total transactions. This success has prompted Taiko to allocate nearly US$30 million for its second round of grants, signaling its commitment to supporting the ecosystem during the testnet phase.
By offering an Ethereum-equivalent ZK-Rollup, Taiko aims to scale Ethereum by enabling all EVM opcodes in a decentralized, permissionless, and secure Layer 2 architecture. With over 100 live apps in the Taiko ecosystem, supported by a vibrant community, the company has conducted six successful testnets involving numerous community members in various roles.
Lead investors in Taiko’s Series A round praised the company for its based sequencing architecture, successful testnets, and vibrant community engagement. The co-founders of Taiko emphasized their commitment to scaling Ethereum in a native way, expressing their determination to bring Ethereum to the world through innovative technologies and community support.
