Ethereum L2 blockchain developer Essential announced the completion of a $11 million Series A financing round.

Focused on intent-driven Ethereum L2 blockchain developer Essential announced the completion of an $11 million Series A financing round, led by Archetype, with participation from IOSG Ventures, Spartan Group, Mirana Ventures, Amber Group, and others. Essential began raising Series A funding earlier this year and closed the financing in June. This round of financing adopted a structure of equity plus token warrants, bringing Essential's total funding to $16.15 million. In September last year, the company received a $5.15 million seed round financing. (The Block)