Kroma raised an undisclosed amount in a Series A funding round led by prominent investors including Asia Advisors Korea and Gate Ventures to enhance its Layer 2 blockchain solutions and advance Web3 technology.

Sep 02, 2024•over 1 year ago

Round Type

series a

SeoulCryptocurrencyBlockchain

Investors

Waterdrip CapitalThe Spartan GroupTaisu VenturesRfd CapitalPrestoPlanetariumIcc VentureGate VenturesAsia Advisors Korea

Description

Kroma has successfully completed its Series A funding round, attracting investments from a diverse group of prominent backers. This capital will support Kroma's innovative approach in the blockchain industry and its mission to make Web3 technology more accessible.

Company Information

Company

Kroma

Location

Seoul, Seoul, South Korea

About

Kroma is a leading Layer 2 blockchain solution provider focused on making Web3 technology more accessible through intuitive decentralized applications. It is the first Ethereum Layer 2 solution to implement zk fault proofs, enhancing transaction speeds and reducing costs. Kroma is advancing Native Account Abstraction in the Superchain ecosystem and has established partnerships with over 81 companies. The firm's innovations aim to drive adoption and integration of Web3 solutions across various sectors including gaming and decentralized finance.

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Funding Insights

Based on industry data

VC-backed spending patterns