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News Explorer — Ethereum Scaling Startup Taiko Labs Raises $22 Million

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Jun 8, 12:15 pm
The Block

Ethereum Scaling Startup Taiko Labs Raises $22 Million

Taiko Labs, a crypto startup, raised $22 million across two rounds of financing. Led by Sequoia China and Generative Ventures, the rounds included investors such as IOSG Ventures, GSR and GGV Capital, and angel investors. Taiko is building a scaling solution for the Ethereum blockchain, and is aiming to emulate Ethereum in design and ideology. It is also planning to convert the organization into a non-profit one, similar to the Ethereum Foundation.

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