#Ethereum scaling startup Stackr raises $5.5 million in seed round.
•Stackr Labs has raised $5.5 million in seed funding from a16z CSS, Archetype and others.
•Stackr is developing Ethereum scaling infrastructure focused on “micro-rollups.”
What is Stackr?
Stackr is developing Ethereum scaling infrastructure focused on "micro-rollups," or app-specific rollups, which are aimed at helping developers launch scalable web3 applications using web2 programming languages. Stackr said that its modular framework will let developers focus solely on their application's specific logic while it manages the underlying rollup infrastructure.
Stackr Labs, an Ethereum scaling startup, has raised $5.5 million in a seed funding round.
Archetype led the round, with a16z Crypto Startup School, Lemniscap, Scalar Capital and others participating, Stackr said Wednesday. Angel investors including Anurag Arjun of Avail, Sreeram Kanan of EigenLayer, Mustafa Al-Bassam of Celestia Labs and Andrew Keys of Darma Capital also joined the seed round.
Stackr said it was the only Indian startup in a16z CSS's 2023 batch. A16z CSS is the venture capital giant's crypto accelerator program that typically invests $500,000 in participating startups in exchange for 7% equity, according to its website.
