Celestia Labs is embarking on a mission to establish a modular consensus and data network designed to streamline the deployment of individual blockchains while keeping resource requirements to a minimum. The company has recently achieved a substantial $40 million in funding through its Series B investment rounds. Spearheading this fundraising effort are reputable venture capital firms, Bain Capital Crypto and Polychain Capital. In an earlier seed round conducted in March 2021, Celestia had secured $1.5 million in funding, and the precise valuation at that time was not disclosed. Subsequently, the project initiated a private Series A investment round in which they successfully secured $15 million in funding.
33% unlocked at year 1. Remaining 67% unlocks continuously from year 1 to year 2.