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High Tech Series A Founded 2019

Conduit

Conduit is a blockchain infrastructure company that provides optimistic rollup technology for scaling Ethereum, offering a suite of tools that streamline the creation, deployment, and maintenance of blockchain networks. The platform enables developers to build, test, and deploy smart contracts and rollup chains on the Ethereum network, providing infrastructure for application development with visual programming…

📍 San Francisco, United States · Blockchain Infrastructure,

Funding snapshot

Last roundSeries A
Amount$37M
Date19 June 2024
Total raised$44M
Team size41

About

Conduit is a blockchain infrastructure company that provides optimistic rollup technology for scaling Ethereum, offering a suite of tools that streamline the creation, deployment, and maintenance of blockchain networks. The platform enables developers to build, test, and deploy smart contracts and rollup chains on the Ethereum network, providing infrastructure for application development with visual programming environments and multiple deployment options. Conduit focuses on reducing the complexity and cost of deploying Layer 2 scaling solutions, allowing projects to launch their own rollup chains with minimal configuration. The company serves blockchain developers and projects seeking to scale their applications while maintaining Ethereum security guarantees. Founded in 2019 and headquartered in San Francisco, Conduit has raised $44 million in Series A funding from investors including Paradigm, Haun Ventures, Bankless Ventures, and Coinbase.

Business model

Blockchain Infrastructure > Application Development Platforms

Team background

College Wise > Massachusetts Institute of Technology

Institutional investors

Paradigm Haun Ventures Bankless Ventures Coinbase Robvc Crediblyneutral Robert Miller Ludwig Pettersson Dan Romero Joshua Ma Hayden Adams Yi Sun Tyson Battistella Amitt Mahajan Julian Koh

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