Celestia Successfully Closes USD 55 Million Series B

The Liechtenstein-based Celestia Foundation and Strange Loop Labs AG, founder and developer of Celestia(www.celestia.org), have successfully closed a USD 55 million financing round.

The recent private Series B financing round was led by Bain Capital Crypto(https://baincapitalcrypto.com), with Delphi Ventures(delphiventures.io) and Blockchain Capital(www.blockchain.capital) as additional participants.

Celestia is a project created by Mustafa Al-Bassam, Ismail Khoffi and John Adler to develop the world's first modular blockchain network that will allow anyone to deploy their own blockchain using Celestia as a modular consensus mechanism.

"We are delighted with the continued support of our community. We thank Niedermüller Attorneys at Law, who have provided great support and advice since the beginning of our project," said Mustafa Al-Bassam.