Citrea raises $14M Series A led by Founders Fund to build a ZK rollup for Bitcoin

Citrea (Chainway Labs)/Citrea rollup and Clementine bridge

Chainway Labs, which builds Citrea, raised $14M in a round led by Founders Fund, with angels including Erik Voorhees, Balaji Srinivasan and Jameson Lopp, plus Maven11. CEO Orkun Kilic said the team had spent 18 months building infrastructure to take Bitcoin beyond a store of value.

• Founders Fund partner Joey Krug called it the firm's first investment in the Bitcoin ecosystem.
• Citrea also launched 'Citrea Origins', a program for developers building on it.
• The release was datelined George Town, Cayman Islands.