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Web3 infrastructure platform Caldera completes a $15 million Series A financing round, led by Founders Fund.

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TechFlow
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Jul 24, 2024

According to The Block, on July 24th, TechFlow, a news from Shenchao, announced that the Web3 infrastructure platform Caldera has completed a $15 million Series A financing round, led by Founders Fund, with participants including Sequoia Capital, Dragonfly, Arkstream Capital, and Lattice. This financing will be used to develop the 'Metalayer,' aiming to unify decentralized Layer 2 and Layer 3 ecosystems to enhance the development experience of multiple Rollup decentralized applications.

Caldera is a platform that provides Rollup as a service, helping developers quickly launch Rollup or extension networks based on Ethereum. The platform has assisted over 50 projects in launching Rollups, with a total locked value of over $800 million and processing over 59 million transactions. Matt Katz, co-founder and CEO of Caldera, stated that the financing will further drive its technological development and help Web3 teams leverage network effects to achieve higher scalability and security.

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