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Celestia Foundation Raises $100M, Total Funding Now $155M, Led by Bain Capital Crypto

Sep 23, 2024, 06:04 PM

Celestia Foundation announced it has raised $100 million in a new fundraising round led by Bain Capital Crypto, as reported by Infinity Hedge. This latest funding brings the total amount raised by the foundation to $155 million. Celestia Foundation, known for its blockchain data-availability project, aims to enable developers to deploy high-throughput, customizable applications. The funding is expected to support the continued development and expansion of Celestia's modularity thesis and Data Availability layers. The token associated with the project is $TIA.