See other companies on Welcome to the Jungle

Celestia

Modular blockchain network

Celestia logo
21-100 employees
  • B2B
  • Cryptocurrency
  • Blockchain
  • Web 3.0
Vaduz, Vaduz

Jump to section

Company mission

To change the way that blockchains and decentralized applications are built—making them more secure, sovereign, and scalable.

Our take

Blockchains are currently dominated by "monolithic" architecture. Bitcoin, Ethereum, and other major chains come as a single package, where every aspect of the chain is tied together. These are inflexible and difficult to customise or scale. Celestia aims to change this with its modular blockchain network, allowing developers to customise each component of the blockchain as needed without having to start from scratch each time.

Celestia's solution competes with the existing model of the larger blockchains, which are racing against one another to provide cheaper transactions. However, the strength of Celestia's decentralised approach is it can compete on fees while also allowing the far greater level of scalability demanded by Web3 applications. Additionally, it avoids the risks of outages that have plagued larger centralised blockchains.

Investors seem to agree with what Celestia is doing: it has completed a combined A and B Series funding round led by Bain Capital Crypto and Polychain Capital. This funding brings its valuation over $1B and into unicorn status. Having initiated an initial testnet in 2022, the company plans to leverage capital to advance its project further.

Kirsty headshot

Kirsty

Company Specialist at Welcome to the Jungle

Benefits

  • Flexible and remote work environment
  • Stipends for home office and coworking space
  • Full-team onsites twice per year and smaller-team onsites more frequently
  • Budget for conference attendance and professional development
  • 4 weeks annual vacation

Funding (last 2 of 3 rounds)

Sep 2024

$100m

LATE VC

Oct 2022

$55m

SERIES B

Total funding: $156.5m

Leadership

Mustafa Al-Bassam

(CEO)

Previously an Advisor at Nym and Secure Trading. Prior to this was co-founder and Researcher at Chainspace until its acquisition by Facebook.

Ismail Khoffi

(CTO)

Previously a Senior Software Engineer at Informal Systems and Interchain Foundation. Before this, they were an External Evaluation Expert for the European Commission.

Jobs (3)

All locations

Software Engineering

Marketing