Archetype led a $11m Series A round in Essential.

Archetype, an early-stage venture firm, led a $11m Series A round in Essential, a declarative blockchain, with participation from IOSG Ventures, the Spartan Group, Mirana Ventures, Amber Group, Maven 11, and Big Brain Holdings. "We don't have direct competitors as we're the first project to build a blockchain using the declarative approach. Our main competitive landscape is other Layer 2 projects who are trying to improve on speed, scalability and user experience," Liesl Eichholz Essential co-founder and CEO.