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Celestia closes $1.5m seed fundraise from Interchain Foundation, Binance Labs,X Force,etc

Celestia Labs (incorporated as Strange Loop Labs in Liechtenstein), has closed a $1.5m strategic seed fundraise in March 2021.

Celestia Labs is building Celestia, a pluggable consensus and data availability layer, to enable anyone to quickly deploy a decentralized blockchain without the overhead of bootstrapping a new consensus network.

Participants in the seed round include Interchain Foundation, Binance Labs, Maven 11, KR1, Signature Ventures, Divergence Ventures, Dokia Capital, P2P Capital, Tokonomy, Cryptium Labs, X Force Foundation, Michael Ng, Simon Johnson, Michael Youssefmir and Ramsey Khoury.

Celestia was co-founded by Mustafa Al-Bassam (PhD in scaling blockchains from University College London), Ismail Khoffi (previously engineer at Tendermint), and John Adler (previously layer 2 researcher at ConsenSys).

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