Ethereum Layer 2 network Taiko completes $22 million financing, led by Sequoia China and Generative Ventures

ChainCatcher news, the Ethereum Layer 2 network based on zkRollup, Taiko has raised a total of $22 million in two rounds of seed financing. The first round was a $10 million investment led by Sequoia China, which concluded in the third quarter of 2022. The second round raised $12 million, led by Generative Ventures.

Other investors in both rounds include IOSG Ventures, GSR, and GGV Capital, as well as angel investors such as POAP founder Patricio Worthalter, Ethereum Foundation's Tim Beiko, and Anthony Sassano. (Source link)