Celestia Foundation announced $100 million in funding led by Bain Capital Crypto.
TIA token skyrocketed a massive 17% following the announcement.
Syncracy Capital, 1kx, Robot Ventures, Placeholder, and others also participated in the funding.
Celestia Foundation, the developer of the modular blockchain Celestia, has raised a substantial $100 million in funding. This news led to a 17% surge in the price of its TIA token in the past 24 hours, significantly outperforming most altcoins.
This latest funding round, led by Bain Capital Crypto with participation from other notable investors, brings Celestia Foundationâs total funding to $155 million.Â
Celestia Foundation announced that it has completed a $100 million financing, led by Bain Capital Crypto, with participation from Syncracy Capital, 1kx, Robot Ventures, Placeholder, etc. Celestia Mainnet Beta launched in October 2023, and developers have deployed the first 20âŠ
â Wu Blockchain (@WuBlockchain) September 24, 2024
The project has seen significant growth since its Mainnet Beta launch in October 2023, adding 20 rollup chains and also releasing their ambitious technical roadmap, â1 GB blocks to BuilâŠ
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