Essential, an intent-driven Ethereum L2 blockchain developer, announced the completion of an $11 million Series A financing round, led by Archetype, with participation from IOSG Ventures, Spartan Group, Mirana Ventures, Amber Group and others. Essential began raising Series A funds earlier this year and completed the financing in June. This round of financing adopts the structure of equity plus token warrants, bringing Essential's total financing to $16.15 million. Last September, the company received $5.15 million in seed round financing. (The Block)