Modular zkEVM Kakarot, launched by Starknet, has announced the completion of its second round of funding on November 14, according to BlockBeats. The financing round was led by Stake Capital Group and LongHash Ventures, with additional participation from Eterna Capital, Fenbushi Capital, OKX Ventures, Foresight Ventures, and others. Although the exact amount raised in this round is undisclosed, the funds are slated to aid in team expansion and speeding the development of Ethereum scaling solutions.
This second round of financing is a follow-up to a previously completed Pre-Seed round, whose specific details remain undisclosed as well, as reported by BlockBeats on June 2. Notably, the first-round investors included Ethereum Co-founder, Vitalik Buterin, StarkWare, Node Guardians Founder & CEO Sam Benyakoub, LambdaClass, CEO of Zama, Rand Hindi, among others.
This sequence of investments underscores the potential investors see in Kakarot and their goal of enhancing Ethereum's capacity, a pivotal aspect in blockchain's journey towards high scalability and efficiency.
