Ethereum scaling project Scroll completes $50 million financing at a valuation of $1.8 billion, with participation from Polychain Capital, Bain Capital Crypto, and others

ChainCatcher news, Ethereum scaling project Scroll announces the completion of a $50 million financing round, with investors including Polychain Capital, Sequoia China, Bain Capital Crypto, Moore Capital Management, Variant Fund, Newman Capital, IOSG Ventures, OKX Ventures, and Qiming Venture Partners.

According to insiders, this round of financing values Scroll at $1.8 billion. Additionally, data from the crypto data platform RootData shows that Scroll previously raised $33 million in two financing rounds, with past investors including Polychain Capital and Bain Capital Crypto. The new round of financing brings Scroll's total funding to $83 million to date. (Source link)