Taiko, a blockchain project focused on scaling Ethereum, has announced a $15 million Series A funding round as it prepares for its mainnet launch.

Lightspeed Faction, Hashed, Generative Ventures and Token Bay Capital co-led the funding round, Taiko said Saturday. Other investors in the round included Wintermute Ventures, Flow Traders, Amber Group, OKX Ventures and GSR.

It is unclear whether the round has fully closed; the announcement mentions "the close of commitments" and includes a note that says "certain investments remain subject to regulatory approval." Taiko did not respond to The Block's multiple requests for comment.

The Series A announcement comes around nine months after the project disclosed two funding rounds worth $22 million last June. It is unclear when Taiko began …