Celestia Foundation Completes $100 Million Funding, Bain Capital Crypto Leads Investment

PANews reported on September 24 that according to The Block, the modular blockchain Celestia Foundation has completed a $100 million financing, led by Bain Capital Crypto, with participation from Syncracy Capital, 1kx, Robot Ventures, Placeholder and other companies. The foundation's total financing has reached $155 million. Celestia went live on the mainnet in October last year, and network developers recently announced plans to expand Celestia's block capacity to 1GB. According to previous news, Celestia Foundation completed a $55 million financing in 2022, led by Bain Capital Crypto and Polychain Capital.