Espresso Systems raised $28 million in a Series B round led by a16z crypto to build a decentralized marketplace for shared sequencing.
Amount Raised
$28 Million
Round Type
Series B
Menlo ParkSoftwareMarketplaceBlockchainInvestors
Description
Espresso Systems closed a $28 million Series B funding round led by a16z crypto, bringing its total funds to over $60 million. The funding will be used to further develop a decentralized marketplace for shared sequencing, allowing rollups to auction the rights to build their blocks and enabling interoperability among rollups.
Quick answer
Espresso Systems raised $28 Million in a Series B round, dated March 21, 2024. Investors: A16z Crypto. Espresso Systems is based in Menlo Park, California, United States.
- How much did Espresso Systems raise?
- Espresso Systems raised $28 Million in a Series B round on March 21, 2024.
- Who invested in Espresso Systems?
- A16z Crypto is named as investors in this round.
- What does Espresso Systems do?
- Espresso Systems is a blockchain project building a decentralized marketplace for shared sequencing to facilitate interoperability among rollups and offer opportunities for various stakeholders.
- Where is Espresso Systems based and how big is it?
- Espresso Systems is based in Menlo Park, California, United States.
- Who are the decision-makers at Espresso Systems?
- Fundz holds 1 contact at Espresso Systems. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Marketplace and Blockchain around the same time
Companies in the same sectors as Espresso Systems that raised within 45 days of this round, from Fundz verified event records.
- Ageras raised $89M (Post-IPO Equity) on April 30, 2024.
- Movement Labs raised $38M (Series A) on April 25, 2024.
- Turnkey raised $15M (Series A) on April 23, 2024.
- GPUnet raised $5.3M (Series A) on April 14, 2024.
- Mayan raised $3M (Seed) on April 11, 2024.
- Stream Trading raised $1.5M (Seed) on April 10, 2024.
Who to call at Espresso Systems, and when
A new round usually means Espresso Systems is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Espresso Systems raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Espresso Systems, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Espresso Systems. With Fundz connected, it knows.
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Fundz sees it the moment Espresso Systems raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
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Funding Insights
What this usually meansEspresso Systems raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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