Announced
Completed
Financials
Sources
Tags
software development
United States
Private Equity
Completed
Software
Acquisition
Cross Border
Minority
Private
Venture Capital
Friendly
Single Bidder
Synopsis
a16z Crypto, a venture capital fund, led a $28m Series B round in Espresso Systems, a software development company, with participation from Polygon. “Rollups have enriched the greater Ethereum ecosystem with horizontal scalability and a diversity of execution environments, but at the expense of fragmentation—apps across rollups do not have the same shared liquidity and interoperability as apps on the Ethereum L1. Shared sequencing enables rollup users to regain the experience of being on one Ethereum chain,” Ben Fisch, Espresso Systems CEO.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.