Celestia Secures $100 Million in OTC Funding on September 23, 2024

According to relevant media reports, Celestia secured $100 million in OTC funding on September 23, 2024. Investors participating in this round include Bain Capital Crypto, 1kx, Robot Ventures, Placeholder, Syncracy Capital, among others. Following this transaction, Celestia’s cumulative funding reached $156.5 million, with its latest valuation at $3.5 billion.Celestia is a modular blockchain network designed to build a scalable data availability layer that supports next-generation scalable blockchain architectures—modular blockchains. By separating execution from consensus and introducing the new primitive of data availability sampling, Celestia achieves enhanced scalability. The project enables anyone to deploy their own blockchain with minimal overhead.Notably, Celestia’s development traces back to 2021, when the project rebranded from LazyLedger to Celestia. After continuous development, the project officially launched its mainnet on October 31, 2023, and its native token TIA was subsequently listed on several major exchanges. From a funding perspective, Celestia previously completed multiple rounds, including a $1.5 million seed round in March 2021 and a $55 million Series A in October 2022, reflecting sustained investor confidence in its prospects. This large-scale OTC funding further validates market recognition of modular blockchain technology and provides Celestia with ample capital for future development.