# Bitcoin Zero-Knowledge Rollup Citrea Raises $2.7M in Seed Funding

Source: https://www.coindesk.com/tech/2024/02/21/bitcoin-zero-knowledge-rollup-citrea-raises-27m-in-seed-funding
Kiwi News: https://news.kiwistand.com/stories/Bitcoin-Zero-Knowledge-Rollup-Citrea-Raises-dollar27M-in-Seed-Funding?index=0x65d87b81d8276e245e0ca078e84270296fb602ad9be023ff6c61c58f84645bd073a44ea0
Submitted by metaend.eth on 2024-02-23 UTC, 1 upvote, 0 comments

## Summary

Chainway Labs is building Citrea, which it says will be the first zero-knowledge rollup for Bitcoin, and has raised $2.7 million in a seed round led by Galaxy Ventures. Other participants include Delphi Ventures, Eric Wall, co-founder of the Taproot Wizards NFT project, and Anurag Arjun, co-founder of Avail. Citrea will be based on the Ethereum virtual machine, so developers should be able to port applications built for Ethereum, and co-founder Orkun Mahir Kılıç says the 12-person team plans to release a test network next quarter.