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Espresso Systems raised $28 million in a Series B round led by a16z crypto to build a decentralized marketplace for shared sequencing.

PRIVATEMar 21, 2024•about 2 years ago

Amount Raised

$28 Million

Round Type

series b

Menlo ParkSoftwareMarketplaceBlockchain

Investors

A16z Crypto

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.

Company Information

Company

Espresso Systems

Location

Menlo Park, California, United States

About

Espresso Systems is a blockchain project building a decentralized marketplace for shared sequencing to facilitate interoperability among rollups and offer opportunities for various stakeholders.

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Predictive Intelligence
Strategic

ML-powered predictions for Espresso Systems's next move

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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

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies.

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