According to official news, the Rollup interoperability protocol Initia has announced the completion of a $14 million Series A funding round, led by Theory Ventures, with participation from Delphi Ventures, Hack VC, and angel investors including Bryan Pellegrino, NoSleepJon, Jordi Alexander, Zaki Manion, Keone Hon, 0x Cygaar, Guy Young, Icebergy, Chainyoda, and Michael Egorov. Following this funding round, Initia's total funding amount has reached $22.50 million, which includes seed round investments from Delphi Ventures and Hack VC, as well as pre-seed funding from Binance Labs. Initia is an Interwoven Rollup network that plans to build a multi-chain system based on Initia L1 and various Interwoven L2s, covering aspects such as architecture, products, and economics. Recently, Initia acquired Celatone and its team, Alles Labs. Celatone is a blockchain explorer company that provides explorer services for Sei, Osmosis, Neutron, and Initia, as well as all Interwoven Rollup's L2s. Initia's public testnet concluded last month, lasting for 12 weeks. Initia plans to launch its mainnet and conduct a Token Generation Event (TGE) within the next two months, with more than six Layer 2s going live on the first day and additional L2s planned for launch in the future.

According to official news from Odaily Planet Daily, the Rollup interoperability protocol Initia has announced the completion of a $14 million Series A funding round. This round was led by Theory Ventures, with participation from Delphi Ventures, Hack VC, and angel investors including Bryan Pellegrino, NoSleepJon, Jordi Alexander, Zaki Manion, Keone Hon, 0x Cygaar, Guy Young, Icebergy, Chainyoda, and Michael Egorov. Following this round of funding, Initia's total financing has reached $22.50 million, which includes seed round investments from Delphi Ventures and Hack VC, as well as pre-seed investments from Binance Labs.

It is reported that Initia is an Interwoven Rollup network, planning to build a multi-chain system based on Initia L1 and various Interwoven L2s, covering architecture, products, and economic aspects. Recently, Initia acquired Celatone and its team, Alles Labs. Celatone is a blockchain explorer company that provides explorer services for Sei, Osmosis, Neutron, as well as Initia and all Interwoven Rollup L2s.

Initia's public testnet concluded last month, lasting for 12 weeks. Initia plans to launch its mainnet and conduct a Token Generation Event (TGE) within the next two months, with over 6 Layer 2s going live on the first day, and more L2s to be launched in the future.

Initia has completed a $14 million Series A financing round, led by Theory Ventures.