# Citrea

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/citrea

- Industry: Software
- Headquarters: Grand Cayman, Cayman Islands
- Website: www.citrea.xyz/
- Total disclosed funding: $17M
- Latest round: Series A (Oct 31, 2024)
- Investors on record: 9

## About

Based in Grand Cayman, Cayman Islands, Citrea operates as a provider of zero-knowledge-powered rollup technology that enables programmers to develop various applications on the Bitcoin blockchain using this technology. In December 2023, Citrea raised USD 2.7 million in seed funding led by Galaxy, with participation from Delphi Ventures and individual investors. In October 2024, Citrea raised USD 14 million in series A funding led by Founders Fund, with participation from Axiom Venture Partners, GM Echo Manager, dao5, Maven11 Capital, Mirana Ventures, and Zero Knowledge Validation Limited.

The company provides a bitcoin platform, including features like Bedrock for developing and executing applications on the bitcoin blockchain, bitcoin settlement and trust-minimized two-way peg to enable transactions across blockchains, and an EVM equivalent execution environment for executing contracts and decentralized applications.

## Funding rounds

- Series A, Oct 31, 2024, $14M — Founders Fund, Axiom Venture Partners, Maven11 Capital, Zero Knowledge Validation Limited, Mirana Ventures, dao5, GM Echo Manager
- Seed, Dec 31, 2023, $2.7M — Delphi Ventures, Galaxy Asset Management

## Investors

- Delphi Ventures (https://capitalatlas.ai/funds/delphi-ventures) — Seed
- Galaxy Asset Management (https://capitalatlas.ai/funds/galaxy-asset-management) — Seed
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series A
- Axiom Venture Partners (https://capitalatlas.ai/funds/axiom-venture-partners) — Series A
- Maven11 Capital (https://capitalatlas.ai/funds/maven11-capital) — Series A
- Zero Knowledge Validation Limited — Series A
- Mirana Ventures (https://capitalatlas.ai/funds/mirana-ventures) — Series A
- dao5 (https://capitalatlas.ai/funds/dao5) — Series A
- GM Echo Manager — Series A