Crypto Startup Taiko Labs Raises $22 Million for Ethereum Scaling Solution

Crypto startup Taiko Labs has raised $22m across two seed rounds, with Sequoia China leading a $10m raise in Q3 2022 and Generative Ventures leading a $12m round more recently. Other investors included IOSG Ventures, GSR and GGV Capital, and angel investors such as Patricio Worthalter, Tim Beiko and Anthony Sassano.

Taiko is building a scaling solution for the Ethereum blockchain, which it describes as a Type 1 zero-knowledge Ethereum Virtual Machine, and has released the latest version of its testnet. Co-founders Daniel Wang and Matthew Finestone previously worked together at Loopring Foundation.

Ethereum $2,688.03

-0.32%

Testnet

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