Rollups platform AltLayer has raised $14.4 million in a strategic funding round co-led by Polychain Capital and Hack VC.

OKX Ventures, HashKey Capital, Bankless Ventures, Primitive Ventures, SevenX, Mask Network, IOSG and TRGC also participated in the round, which closed in September 2023, according to a statement released today. 

In 2022, AltLayer had raised $7.2 million in a seed funding round. 

The fresh capital will be used to expand AltLayer’s team and further develop its rollup infrastructure, according to a statement. AltLayer didn't disclose the valuation.

The raise comes after AltLayer launched its native token last month and rewarded users had staked on Celestia and EigenLayer, holders of AltLayer’s NFTs and participants in its community campaigns. Some 300 million …