New Ethereum Scaling Solution: Taiko Poised for Mainnet Launch After Raising $37 Million
Blockchain startup Taiko is set to launch the mainnet for its scaling solution after closing $37 million in funding over three rounds from top-tier crypto investors. The fresh capital comes ahead of a planned mainnet rollout later this year and positions the project to fulfill its goal of massively scaling Ethereum while preserving decentralization. TLDR Taiko has raised $37 million in funding ahead of its mainnet launch this year The Series A round raised $15 million and was led by Lightspeed Faction, Hashed, Generative Ventures, and Token Bay Capital Taiko has the largest Discord community in the rollups space with over 850,000 active members Taiko has conducted 6 testnets involving over 1 million wallets to test different aspects of the protocol Investors praised Taiko‘s community, architecture, testnet achievements, and commitment to crypto’s original ethos Taikos most recent funding round raised $15 million in Series A capital led by crypto-native funds Lightspeed Faction, Hashed, Generative Ventures, and Token Bay Capital. Existing Taiko backers like GSR and Amber Group also participated. This latest tranche brings the total raised to date to $37 million. The firm intends to use the funds to propel development and grow its community leading up to the mainnet debut. Taiko has already fostered the largest Discord ecosystem