Lumoz (formerly Opside), a blockchain scaling infrastructure project that helps developers launch zk-rollups, has raised a pre-Series A funding round at a $120 million valuation.

Investors in the round included OKX Ventures, HashKey Capital, KuCoin Ventures, Comma3 Ventures, Kronos Ventures, Kernel Ventures and Polygon co-founder Sandeep Nailwal, Lumoz said Monday. The funding round was sized at $6 million, a source with direct knowledge of the matter told The Block. A HashKey Capital spokesperson confirmed the firm's participation in the round.

Lumoz began raising for the round this February and closed in March, co-founder Jeffrey Yang told The Block. It was structured as a simple agreement for future tokens (SAFT) round, Yang said, adding that $120 million is a fully diluted token …