The Ethereum scaling technology developer raised two rounds this year as it prepares to move its platform out of beta.

US-based blockchain scaling technology developer Offchain Labs has raised $120m across two rounds this year with participation from quantitative trading firm Alameda Research.

Venture Capital firm Lightspeed Ventures led the $100m series B round at a $1.2bn valuation. Polychain Capital, Pantera Capital, Ribbit Capital, Redpoint Ventures and private investors including Mark Cuban also backed the series B round.

Offchain raised $20m in its April 2021 series A from undisclosed investors, following a $3.7m Pantera Capital-led seed round that closed in…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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