Ethereum scaling project Scroll has announced it has raised $50 million in a new funding round.
Investors in this round include Polychain Capital, Sequoia China, Bain Capital Crypto, Moore Capital Management, OKX Ventures, Variant Fund, Newman Capital, IOSG Ventures, and Qiming Venture Partners.
The round values Scroll at $1.8 billion, according to people familiar with the matter. Scroll had previously raised $33 million over two funding rounds at an undisclosed valuation. The new funding round brings Scroll’s total funding to date to $83 million.