Scroll.io Valuation, Funding & Investors

Scroll.io is valued at $1.8B as of March 2023.

Last Scroll.io valuation

$1.8B

Undisclosed stage · Mar 2023

Last Scroll.io funding round

$700K

Pre-seed · Nov 2024

Cumulative funding Scroll.io raised

$81M

across 4 funding rounds

Key investors in Scroll.io

  • Polychain
  • Bain Capital Crypto
  • HSG
  • Qiming Venture Partners
  • IVC
  • OKX Ventures

Scroll.io Overview

About Scroll.io

Scroll.io is a zero-knowledge Ethereum Virtual Machine scaling network built as a layer-2 solution for Ethereum. It delivers Ethereum-equivalent security through validity proofs while processing transactions at under one-second finality and fees below one cent. Scroll supports full EVM bytecode compatibility, allowing direct deployment of Ethereum smart contracts without modifications. The project transitioned to mainnet in late 2023 and serves developers building decentralized applications across DeFi and gaming sectors.


Founded

2021

HQ

United StatesMountain View, CA

Website

scroll.io

Status

Privately held

Customer focus

B2B

Revenue model

Usage-based

Valuation

$1.8B (Mar 2023)

Scroll.io Valuation

Scroll.io is currently valued at $1.8B, based on its undisclosed-stage round in March 2023. Read the announcement ↗

The $50M round included TPC Ventures, OKX Ventures, Gate Ventures, Qiming Venture Partners, Polychain and 6 other investors.

Scroll.io valuation by funding round

Scroll.io valuation by funding round
DateStageValuation
Mar 2023Undisclosed stage$1.8B

Scroll.io Funding History

Scroll.io has raised a total of $81M across 4 funding rounds.

Scroll.io's first fundraising round was a $30M Series A in April 2022. The most recent completed round was a $700K pre-seed round in November 2024.

Scroll.io funding rounds

Scroll.io funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Nov 2024Pre-seed-$700K--
Mar 2023Undisclosed stageTPC Ventures; OKX Ventures; Gate Ventures; Qiming Venture Partners; Polychain; Variant; Bain Capital Crypto; Newman Capital; IOSG Ventures; HSG; Moore Capital$50M$1.8BScroll is a Layer 2 Ethereum network utilizing zk-rollups technology designed to scale Ethereum by processing transactions off-chain and then settling them back to the main chain, thereby increasing transaction speed and reducing costs. Founded in 2021, Scroll aims to bring Ethereum to one billion users through its zero-knowledge rollup (zkEVM) architecture. The project was co-founded by Sandy Peng and operates under core design principles of being community-driven, security-first, and decentralized at every level. Scroll raised $50 million in its Series B funding round in early March 2023, valuing the company at $1.8 billion post-money. Lead and participating investors included Polychain Capital, Sequoia China, Bain Capital Crypto, Moore Capital Management, Variant Fund, Newman Capital, IOSG Ventures, and Qiming Venture Partners, bringing Scroll's cumulative funding to $83 million across three rounds. The company planned to use proceeds to continue developing its zkEVM product, launch its mainnet (expected in summer 2023), expand its ecosystem, and grow its team from 60 to nearly 100 people. At the time of the funding announcement, Scroll demonstrated significant testnet traction with approximately 1 million unique addresses and 16 million transactions on its pre-alpha testnet, and had recently launched its zkEVM on the Goerli testnet in late February 2023, marking its transition out of alpha testing. As a Layer 2 scaling protocol in pre-mainnet stage, Scroll had not yet generated commercial revenue, making traditional valuation multiples and financial metrics unavailable.
May 2022Pre-seedIVC$500K--
Apr 2022Series APolychain (lead); Ryan Sean Adams; Geometry DAO; Maple Leaf Capital; Ying Tong; Santiago Roel Santos; Bixin Ventures; Carlos Aria; Bain Capital Crypto; Robot Ventures$30M-Scroll.io is an EVM-equivalent zero-knowledge Rollup protocol designed to scale Ethereum, offering full EVM compatibility at the bytecode level to enable seamless migration of existing Solidity, Vyper, and Huff tools without major modifications. It emphasizes decentralization, openness with fully open-source code, and zk-Rollup technology for efficient, low-cost transactions while preserving Ethereum's security and censorship resistance. On April 21, 2022, Scroll completed a $30 million Series A funding round led by Polychain Capital, with participation from Bain Capital Crypto, Robot Ventures, Geometry Research (or Geometry DAO), angels including Ryan Sean Adams, Carlos Aria, Ying Tong Lai, Santiago Roel Santos, and others like Anthony Sassano. This followed earlier angel funding, contributing to total funding of around $80-83 million across rounds by early 2023. The funds supported team expansion and development toward mainnet launch. A subsequent $50 million round in March 2023, again led by Polychain with Sequoia China and others like Bain Capital Crypto, Moore Capital, OKX Ventures, Variant Fund, Newman Capital, IOSG Ventures, and Qiming Venture Partners, valued Scroll at $1.8 billion post-money and aimed to grow the team from 60 to nearly 100 while advancing product and ecosystem growth. Post-round traction included mainnet developments, with Scroll Sessions launching in April 2024 to incentivize on-chain activity, driving DeFi TVL to a peak of $980 million on October 16, 2024, and $152 million as of December 28, 2024. Scroll's token SCR launched later, with market cap around $8-19 million and FDV near $45-100 million as of recent data.

Who has invested in Scroll.io?

20 investors have backed Scroll.io across its funding rounds, including Polychain, Bain Capital Crypto, HSG, Qiming Venture Partners, IVC and OKX Ventures.

Lead investors include Polychain.


Scroll.io Investors

Investors in Scroll.io by funding rounds participated
InvestorHQRoundsRoleFirst check
PolychainUnited StatesSan Francisco, CA2LeadApr 2022
Bain Capital CryptoUnited StatesBoston, MA2ParticipantApr 2022
Ryan Sean AdamsUnited StatesCharlottesville, VA1ParticipantApr 2022
Geometry DAOSwitzerlandGeneva1ParticipantApr 2022
TPC VenturesEl SalvadorSan Salvador1ParticipantMar 2023
OKX VenturesSeychellesVictoria1ParticipantMar 2023
Maple Leaf CapitalPakistanLahore1ParticipantApr 2022
Gate VenturesSingaporeSingapore1ParticipantMar 2023
Ying TongIndonesiaJakarta1ParticipantApr 2022
Qiming Venture PartnersChinaShanghai1ParticipantMar 2023
IVCTaiwanTaipei1ParticipantMay 2022
Santiago Roel SantosMonacoMonaco1ParticipantApr 2022
VariantUnited StatesNew York City, NY1ParticipantMar 2023

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Investments by Scroll.io

Scroll.io has invested in 2 companies to date.

Latest investment by Scroll.io was on December 5th 2023. Scroll.io invested in Curvance in their $4M Seed round.


Latest Investments by Scroll.io

Curvance
Ryodan Systems
Description
Curvance is a decentralized lending protocol operating on Ethereum, Polygon zkEVM, Base, Arbitrum, and Optimism blockchains. The platform facilitates borrowing and lending of yield-bearing assets alongside ERC-20 tokens through liquidity pools and isolated markets. It deploys dynamic interest rate models and liquidation mechanisms to maintain protocol solvency across DeFi ecosystems.
Ryodan Systems is a blockchain infrastructure developer building zkRollup solutions on Ethereum that eliminate gas fees while ensuring data sovereignty for decentralized applications. Based in Japan, the platform supports high-throughput transactions for DeFi protocols and NFT marketplaces through zero-knowledge proofs.
HQ CountryCayman IslandsSwitzerland
HQ City
George Town
Lucerne
Deal Date5 Dec 202313 Apr 2023
RoundSeedSeed
Raised$4M$5M
InvestorsEigenLabs; Frax Finance; Mantle Network; Curve Finance; Balancer Labs; Offchain Labs; Sandeep Nailwal; Convex Finance; GMX; Aura Finance; Pendle Finance-
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Scroll.io Competitors

Scroll.io competitors include listed companies like Sharplink and Securitize, and private ones like DFINITY, CoinSwitch, Rain and Sky Mavis.

Public and private companies comparable to Scroll.io
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SharplinkUnited StatesUnited StatesPublicly listed$28M($734M)$1.8B39.9x
DFINITYSwitzerlandZurichPrivate--$1.9B-
CoinSwitchIndiaBangalorePrivate$24M-$1.9B-
RainUnited StatesNew York City, NYPrivate--$1.9B-
Sky MavisSingaporeSingaporePrivate$1.3B-$1.9B-
SecuritizeUnited StatesUnited StatesPublicly listed$62M($34M)$1.5B22.2x

Scroll.io Public Comps

Scroll.io is still privately-owned, but its public comps include Sharplink, Securitize, OSL Group, HashKey Holdings, BitGo Holdings, Indokripto Koin Semesta, Rhino Bitcoin, Hyperliquid Strategies, Stewards and Galaxy Digital.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Sharplink$28M($734M)61.9x39.9x(2.4x)141.1x
Securitize$62M($34M)25.5x22.2x(46.0x)(37910.8x)
OSL Group$62M($48M)16.6x11.3x(21.7x)(23.2x)
HashKey Holdings$92M($109M)6.4x-(5.4x)-
BitGo Holdings$16B($9M)0.1x5.5x(125.1x)125.4x
Indokripto Koin Semesta$16M$7M36.9x-81.1x-
Rhino Bitcoin$478K($417K)1242.8x-(1423.4x)-
Hyperliquid Strategies$9M-308.0x162.2x--

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Common questions about Scroll.io

When was Scroll.io founded?Scroll.io was founded in 2021.
Where is Scroll.io headquartered?Scroll.io is headquartered in Mountain View, CA, United States.
Is Scroll.io publicly listed?No, Scroll.io is a private, VC-backed company.
What is Scroll.io's valuation?Scroll.io was last valued at $1.8B in its undisclosed-stage round in March 2023.
How much funding has Scroll.io raised?Scroll.io has raised $81M across 4 funding rounds.
What was Scroll.io's last funding round?Scroll.io's last funding round was a $700K pre-seed round in November 2024.
Who are Scroll.io's investors?Scroll.io's investors include Polychain, Bain Capital Crypto, Ryan Sean Adams, Geometry DAO, TPC Ventures, OKX Ventures, Maple Leaf Capital, Gate Ventures, Ying Tong, Qiming Venture Partners and 10 others.
Which companies are comparable to Scroll.io?Companies comparable to Scroll.io include Sharplink, DFINITY, CoinSwitch, Rain, Sky Mavis and Securitize.
How many companies has Scroll.io invested in?Scroll.io has invested in 2 companies, including Curvance and Ryodan Systems.
What was Scroll.io's last investment?In December 2023, Scroll.io invested in Curvance's $4M seed round alongside EigenLabs, Frax Finance, Mantle Network and 8 other investors.

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