TechFlow News — Initia, a full-stack Rollup network, has announced the completion of a $14 million Series A funding round led by Theory Ventures, with participation from Delphi Ventures, Hack VC, and several prominent angel investors. This brings Initia's total raised capital to $22.5 million, including a prior seed round from Delphi Ventures and Hack VC, as well as a pre-seed investment from Binance Labs.
Initia plans to launch its mainnet and token generation event (TGE) within the next two months, with at least six Layer-2 networks going live on day one. Currently, 12 teams have publicly announced they are building app-specific chains on Initia’s Interwoven Stack, collectively having raised over $13 million in funding.
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