Kaia announced that it has received investment from venture capital firms, with Blockchain Capital and 1kx leading the round

ChainCatcher news, the Kaia Foundation announced on X that it has received investment from top crypto venture capital firms, led by Blockchain Capital and 1kx, with participation from Galaxy, The Spartan Group, IDG Capital, Mirana Ventures, SNZ Holding, Comma3 Ventures, Caladan, Lingfeng Capital, Waterdrip Capital, and MEXC Ventures. The specific investment amounts have not been disclosed.

Kaia is formed by the merger of Klaytn and Finschia blockchains, originally developed by Kakao and LINE respectively. It features the lowest transaction latency in EVM L1, with a block time of 1 second and instant finality, enabling a smooth user experience and opening up possibilities for use cases that require near real-time responses.