Astria Raises $12.5M in Funding


Astria, a blockchain ecosystem company, raised $12.5M in funding.

The round was led by dba and Placeholder VC, with participation from RockawayX, Maven11, 1kx, Figment Capital and Batu. Angels included Yuki, DCBuilder, Hasu, Will Price, Robert Miller, Mert, Jason Yanowitz, Mike Ippolito, and Bankless Ventures also participated.

The company intends to use the funds to continue building its sequencing layer and its stack, to deploy a permissionless rollup without using a centralized sequencer.

Led by CEO Josh Bowen, Astria is building the Astria Stack, a development stack for building and deploying decentralized rollups on the Astria Sequencing Layer. The stack includes all the components necessary to launch an EVM rollup which uses the Astria Sequencing Layer for decentralized block building and Celestia for data availability.

Celestia-based rollup Forma, the destination for fully onchain NFTs, has already launched on the Astria Stack. Since May, some 42,000 NFTs have been minted or purchased on Forma, with a total bridge volume of 3 million $TIA.