Celer Network

company

About

Celer Network is an inter-blockchain and cross-layer communication platform.

Details

Last Funding Type
Secondary Market
Industries
Blockchain
Founded date
Jan 1, 2018
Number Of Employee
11 - 50
Operating Status
Active

Celer Network is a technology and economic architecture enabling high scalability of public blockchains with off-chain scaling approaches.

Existing payment network proposals and implementations do not have a clear separation between functional components. This tight coupling poses significant challenges for protocol evolution, because changing one requires changes to the whole stack all the way to the applications. Celer Network draws inspiration from the success of layered network architecture from the Internet and push for a clean abstraction of a four-layered payment network architecture consisting of Channel Management, Payment Routing, Payment Transport and Application Runtime. This architecture enables flexibility and more importantly, independent, and fast evolution on each layer. Within this clean network architecture, Celer Network provides innovative solutions on all layers, with highlights of cChannel, cRoute and cOS .

Funding Rounds

Number of Funding Rounds
Total Funding Amount
6
$6.10M
Celer Network has raised a total of $6.10M in funding over 2 rounds. Their latest funding was raised on Jan 23, 2020 from a Secondary Market round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jan 23, 2020 Secondary Market 1 Detail
Mar 24, 2019 Seed $2.10M 1 Detail
Mar 19, 2019 Initial Coin Offering $4M Detail
Jul 1, 2018 Series Unknown 6 Detail
Jun 24, 2018 Seed 1 Detail

Investments

Number of Investments
Number of Lead Investments
1
0
Celer Network has made 1 investments. Their most recent investment was on Jul 6, 2022, when Oasys raised $20M.
Date Company Name
Round Money Raised Industry Lead Investor
Jul 6, 2022 Oasys
Seed $20M Blockchain

Investors

Number of Lead Investors
Number of Investors
10
Celer Network is funded by 10 investors. Krenex Capital and Papership Capital are the most recent investors.
Investor Name Lead Investor Funding Round
Krenex Capital Secondary Market
Papership Capital Seed
BlockVC Series Unknown
Chain Capital Series Unknown
Consensus Lab Series Unknown
Elysium Venture Capital Series Unknown
INBlockchain Series Unknown
MW Partners Group Series Unknown
AlphaCoin Fund Seed
IOSG Ventures Seed

Employee Profiles

Number of Employee Profiles
7
Celer Network has 7 current employee profiles, including Executive Mo Dong
Executive
Employee
Executive
Executive
Executive