Celestia Secures $55 Million in Series A Funding on October 20, 2022

According to industry sources, Celestia secured $55 million in Series A funding on October 20, 2022. The round was led by Bain Capital Crypto, Polychain, Coinbase Ventures, IOSG Ventures, Galaxy Digital, Maven 11, OKX Ventures, Placeholder, Delphi Digital, Blockchain Capital, among others. Following this round, Celestia’s total funding reached $156.5 million, with its latest valuation at $1 billion.Celestia is a modular blockchain network designed to build a scalable data availability layer, supporting next-generation scalable blockchain architectures—modular blockchains. By decoupling execution from consensus and introducing data availability sampling as a new primitive, Celestia achieves scalability. The project enables anyone to deploy their own blockchain easily and with minimal overhead.Since its inception, Celestia has demonstrated rapid growth. The project rebranded from LazyLedger to Celestia in June 2021 and launched its testnet in May 2022. Notably, Celestia officially launched its mainnet on October 31, 2023, with its native token TIA immediately available for trading. Subsequently, TIA was listed on several major exchanges. In September 2024, Celestia completed an additional $100 million in over-the-counter financing, reflecting investor confidence in its prospects. As the modular blockchain concept continues to evolve, Celestia’s significance in blockchain scalability solutions has become increasingly prominent.