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Citrea raised $14M in a Series A funding led by Peter Thiel’s Founders Fund to expand operations and development efforts.

Oct 31, 2024•about 1 year ago

Amount Raised

$14 Million

Round Type

series a

George TownCryptocurrencyBlockchain

Investors

Maven11Jameson LoppBalaji SrinivasanErik VoorheesPeter Thiel’s Founders Fund

Description

Citrea, a company based in George Town, Cayman Islands, has successfully raised $14M in Series A funding. The funds will be used to enhance their Bitcoin scalability solution and expand their operations.

Company Information

Company

Citrea

Location

George Town, Grand Cayman, Cayman Islands

About

Citrea is the first rollup that enhances the capabilities of Bitcoin blockspace with zero-knowledge technology, making it possible to build everything on Bitcoin.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech