# Optimism PBC

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/optimism-pbc

- Industry: Software
- Headquarters: New York, US
- Website: www.optimism.io
- Total disclosed funding: $178M
- Latest round: Series B (Mar 18, 2022)
- Investors on record: 3

## About

Founded in 2019 and based in New York, Optimism PBC, trading as Plasma Group, operates as a secure decentralized infrastructure intended to scale smart contracts on ethereum. The company was co-founded by Jinglan Wang, Karl Floersch, and Kevin Ho. In February 2021, the company received USD 25 million in Series A funding from Andreessen Horowitz.

The company offers optimistic ethereum a technology that homes to digital money, global payments, and applications that execute transactions efficiently. The company intended to enhance fair access to public goods on the internet.

As of February 2021, the company plans to improve the prospect of scaling the ETH blockchain with its Optimistic Rollup development.

## Funding rounds

- Series B, Mar 18, 2022, $150M — Andreessen Horowitz, Paradigm
- Seed, Jan 15, 2021, $3.5M — IDEO CoLab Ventures, Paradigm
- Series A, Jan 4, 2021, $24M — Andreessen Horowitz

## Investors

- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series A, Series B
- IDEO CoLab Ventures (https://capitalatlas.ai/funds/ideo-colab-ventures) — Seed
- Paradigm (https://capitalatlas.ai/funds/paradigm) — Seed, Series B