Boba is a decentralized Ethereum network platform that enables NFT bridging, reduces gas fees, extends innovative contract capabilities, and provides liquidity pools for seamless transactions. The company has raised $45M in funding from top investors, including Huobi, CRYPTO, and Ghaf Capital, and currently holds a valuation of $1.5B (as of April 2022).
What Is Boba and What Does It Do?
Boba, founded in 2021 by Alan Chiu and Violet B Abtahi, is headquartered in Palo Alto, California. The company provides a decentralized network platform for Ethereum, designed to improve transaction efficiency, reduce gas fees, and expand the capabilities of innovative contracts.
Boba allows developers to build DApps that invoke code executed on web-scale infrastructures such as AWS Lambda. Its platform includes NFT bridging, liquidity pools, and gas-saving mechanisms, enabling faster, cheaper, and more scalable blockchain applications.
With a lean team of 11–50 employees, Boba has quickly gained attention for its innovative solutions in Ethereum scaling and decentralized finance, attracting partnerships and investment from leading blockchain investors.
How Much Funding Has Boba Raised?
1. Series A
- Amount Raised: $45M
- Date: April 2022
- Lead Investors: CRYPTO, Huobi, Sanctor Capital, Hypersphere Ventures, M13 Company, Hack VC, GBV Capital, Shima Capital, Kenetic, Ghaf Capital, Dreamers, Old Fashion Research, LD Capital, IOST, ROK Capital, Alphanonce, Joe Montana, KSHMR, Tony Robbins, Infinite Capital, Alliance DAO, TheVentureCity, BitMart, Valour, TRG Capital, 10X Capital, Genblock Capital, Rarestone Capital, Kosmos Ventures, Ghaf Capital Partners, Portal Ventures, Kinetic Capital Partners, Redline DAO, Krypital Group, D1 Capital Partners
- Motivation: Expand platform capabilities, improve Ethereum scaling, and accelerate adoption of decentralized applications.
Total Funding Raised: $45 Million
Current Valuation: $1.5 Billion (as of April 2022)
Latest Funding Date: April 2022
Key Investors
1. D1 Capital Partners
- Details: Global investment firm focused on technology and blockchain ventures.
- Investment Focus Areas: Technology, blockchain infrastructure, growth-stage companies.
- Notable Investments: Boba, other blockchain and DeFi projects.
2. 10X Capital
- Details: Venture capital firm investing in disruptive technology startups.
- Investment Focus Areas: Blockchain, fintech, decentralized applications.
- Notable Investments: Boba, other blockchain and crypto-focused companies.
3. Huobi
- Details: Global cryptocurrency exchange and investment platform.
- Investment Focus Areas: Blockchain infrastructure, crypto assets, DeFi.
- Notable Investments: Boba, other crypto startups.
Where Is Boba’s Headquarters?
Boba is headquartered in Palo Alto, California, providing strategic access to Silicon Valley’s blockchain and technology ecosystem. This location enables close collaboration with developers, investors, and tech partners while supporting rapid innovation and adoption.
What’s Next for Boba?
Boba aims to expand its decentralized network capabilities, enhance brilliant contract performance, and reduce blockchain transaction costs. With Series A funding, the company plans to scale its team, strengthen developer support, and broaden adoption of its platform in the DeFi and NFT ecosystems. By enabling faster, cheaper, and more scalable Ethereum applications, Boba is positioning itself as a critical infrastructure player in the blockchain space.
Get Investor & Funding Insights with TexAu
TexAu helps sales and business teams uncover detailed fundraising information on companies like Boba. Use the platform to research investors, track funding rounds, and gather actionable insights to strengthen prospecting and business strategy.
Sign Up for Free on TexAu and start uncovering detailed funding insights that give your business a competitive edge.
