What is Citrea?
Citrea is a pioneering platform that establishes the Bitcoin application layer, democratizing access to Bitcoin capital markets for both institutional and individual participants. As the first fully programmable platform secured by Bitcoin, it leverages zero-knowledge technology to foster a diverse range of Bitcoin applications, thereby enhancing liquidity and utility. The platform also features ctUSD, a fiat-backed stablecoin designed to bolster Bitcoin applications, and supports nascent projects through its Citrea Origins program. This strategic positioning aims to empower the open-source community and reduce the adoption hurdles for Bitcoin.
How much funding has Citrea raised?
Citrea has raised a total of $14M across 1 funding round:
Series A
$14M
Series A (2024): $14M with participation from Founders Fund and Maven 11 Capital
Key Investors in Citrea
Founders Fund
Founders Fund is a venture capital firm known for investing in transformative companies across various sectors and stages, with partners having a track record of founding and funding major tech companies.
Maven 11 Capital
Maven 11 Capital is a crypto-native fund that actively supports founders in building open and inclusive crypto networks, emphasizing technical collaboration and long-term partnerships.
What's next for Citrea?
With its recent major strategic investment, Citrea is poised to accelerate its development of the Bitcoin application layer. The company's focus on programmable finance and its introduction of ctUSD signal a commitment to expanding the utility and accessibility of Bitcoin. Future initiatives will likely involve further integration of zero-knowledge technology to enhance security and privacy for its applications, alongside continued support for the open-source community through programs like Citrea Origins. This strategic capital will enable Citrea to solidify its position as a key enabler of institutional and user access to Bitcoin capital markets, driving innovation and adoption.
See full Citrea company page
