Taiko has completed two rounds of seed funding totaling $22 million, with leading investments from Sequoia China and Generative Ventures.

According to BlockBeats news on June 8th, Taiko, an Ethereum Layer2 network based on zkRollup, announced that it has completed a $10 million seed round of financing, with leading investment from HongShan, and will complete a second seed round of financing of $12 million led by Generative Ventures in Q3 2022. Other investors include IOSG Ventures, GSR, GGV Capital, POAP founder Patricio Worthalter, Anthony Sassano, and Ethereum Foundation member Tim Beiko. Taiko did not disclose its valuation.