The Ethereum scaling technology developer raised two rounds this year, having spun out of Princeton in 2018.

Offchain Labs, a US-based blockchain scaling technology developer spun out of Princeton University, 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…

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