# Espresso Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/espresso-systems

- Industry: Software
- Headquarters: US
- Website: www.espressosys.com
- Total disclosed funding: $63M
- Latest round: Series B (Feb 1, 2024)
- Investors on record: 16

## About

Based in California, US, and founded in 2020, Espresso Systems operates as a privacy-focused blockchain company. In February 2024, the firm raised USD 28 million in Series B funding led by Andreessen Horowitz, with participation from Polygon Labs, Taiko Labs, StarkWare Industries Ltd., Offchain Labs, and O (1) Labs Operating Corporation. As of 2024, the company’s CEO is Ben Fisch.

Espresso Systems develops a blockchain system called Espresso that offers a high throughput and low fees by combining proof-of-stake consensus and a ZK-Rollup mechanism. The company provides configurable asset privacy for ethereum (CAPE), which is an application that can run on any EVM (ethereum virtual machine) blockchain.

## Funding rounds

- Series B, Feb 1, 2024, $28M — Andreessen Horowitz, StarkWare Industries Ltd., Offchain Labs, O(1) Labs Operating Corporation, Polygon Labs, Taiko Labs
- Series A, Mar 7, 2022, $32M — Hong Shan, Greylock Partners, Slow, Blockchain Capital, Electric Capital
- Seed, Nov 30, 2020, $3.1M — Polychain Capital, Coinbase Ventures, Paxos Trust Company, Alameda Research Ventures, Gemini

## Investors

- Polychain Capital (https://capitalatlas.ai/funds/polychain-capital) — Seed
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Seed
- Paxos Trust Company — Seed
- Alameda Research Ventures (https://capitalatlas.ai/funds/alameda-research-ventures) — Seed
- Gemini (https://capitalatlas.ai/funds/gemini) — Seed
- Hong Shan — Series A
- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Series A
- Slow (https://capitalatlas.ai/funds/slow) — Series A
- Blockchain Capital (https://capitalatlas.ai/funds/blockchain-capital) — Series A
- Electric Capital (https://capitalatlas.ai/funds/electric-capital) — Series A
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series B
- StarkWare Industries Ltd. — Series B
- Offchain Labs — Series B
- O(1) Labs Operating Corporation — Series B
- Polygon Labs — Series B
- Taiko Labs — Series B