- This is not the first round of funding for the company
- To date, Scroll’s total funding is $83 million.
L2 protocol for scaling Ethereum Scroll attracted $50 million from Polychain Capital, Sequoia China, Bain Capital and several other investors. According to The Block, Scroll’s valuation has reached $1.8 billion.
According to co-founder Sandy Peng, Scroll wants to increase the number of employees. The firm currently employs 60 people and plans to hire 40 more in the near future.
Scroll did not comment on the structure of the round. But a source familiar with the matter said the company’s valuation had reached $1.8 billion. The protocol recently raised $33 million in two rounds of funding, but, like now, did not disclose its valuation. The new round brings Scroll’s total funding to date to $83 million.
Last week, the protocol launched its zkEVM on the Goerli testnet, thus completing the pre-alpha testing process. The testnet was very popular. At the pre-alpha test stage, 1,000,000 unique addresses and 16 million transactions were registered. Sandy Peng stated that the mainnet launch is expected in the next three to four months.
Scroll is a fully equivalent EVM zk storage built to scale the Ethereum network. Its goal is to provide users with near-instant and cost-effective transactions, as well as maintain the high security features offered by the Ethereum network.
