Espresso Systems Raises $28M in Fresh Funds, Led By A16z Crypto

Espresso, a leading specialist in the emerging blockchain field of "shared sequencing," has raised $28 million in a series B round led by venture capital firm Andreessen Horowitz's a16z Crypto, according to a press release seen by CoinDesk. The investment round closed in February, and the funding will be used to continue to build out Espresso’s products, invest in the broader rollup ecosystem, and hire additional people for Espresso. Layer-2 firm Polygon Labs also participated in the investment round, a spokesperson for Espresso told CoinDesk over email. Sequencers are responsible for verifying and batching transactions made on layer-2 blockchains.

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