WEB3 privacy system ESPRESSO SYSTEMS announced the completion of a $28 million Series B financing round, led by A16Z. The new funds will be used for further product development, expanding investments in the ROLLUP ecosystem, and scaling up the ESPRESSO SYSTEMS team. Previously, in March 2022, ESPRESSO SYSTEMS raised $32 million in financing, led by GREYLOCK PARTNERS and ELECTRIC CAPITAL, with participation from Sequoia Capital, BLOCKCHAIN CAPITAL, and SLOW VENTURES.

Wu learned that Web3 privacy system Espresso Systems has announced the completion of a $28 million Series B financing round, led by a16z. The new funds will be used to continue product development, expand investments in the rollup ecosystem, and grow the Espresso Systems team. Previously, in March 2022, Espresso Systems completed a $32 million financing round with Greylock Partners and Electric Capital as lead investors, with participation from Sequoia Capital, Blockchain Capital, and Slow Ventures.

Espresso Systems has completed a Series B financing round of 28 million US dollars, led by A16Z.