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§ Private Profile · Palo Alto, CA, USA
An Ethereum Layer 2 scaling solution using optimistic rollups, enabling faster transactions and off-chain computations for dApps.
Based in Palo Alto, California, Boba Network is an Ethereum Layer 2 scaling solution utilizing optimistic rollup technology to process blockchain transactions more efficiently than the main network. The platform provides a hybrid compute architecture that allows developers to build decentralized applications by enabling smart contracts to leverage complex off-chain computations and data. Originally founded in 2021 by Alan Chiu and Jan Liphardt, the project was developed by Enya, a secure multiparty computation company serving over 10 million users across 91 countries. The network generates revenue through gas fees while utilizing its native token to enable decentralized autonomous organization governance and staking capabilities. In April 2022, the organization secured $45 million in Series A funding at a valuation of one and a half billion dollars, attracting participation from over 400 backers including Paradigm, Huobi, BitMart, and a16z.
Boba Network has raised $115.0M across 2 funding rounds.
Boba Network has raised $115.0M in total across 2 funding rounds.
Boba Network has raised $115.0M in total across 2 funding rounds.
Boba Network's investors include Awaken Foundation, LDA Capital, 1k(x), Bessemer Venture Partners, First Round Capital, LGF, Liquid 2 Ventures, Jared Leto, Joe Montana, Paris Hilton, Will Smith, Crypto.com.
Boba Network is a multichain, Ethereum-compatible Layer‑2 optimistic rollup that emphasizes a *hybrid* architecture—combining on‑chain security with off‑chain data and compute—to enable cheaper, faster, and more feature‑rich decentralized applications (dApps). [5][3]
High‑Level Overview
Origin Story
Core Differentiators
Role in the Broader Tech Landscape
Quick Take & Future Outlook
Sources cited above include Boba Network’s official site for product/feature descriptions[5], explanatory coverage of the protocol and token by Gemini (background on OMGX → Boba and optimistic rollup details)[3], market and company summaries (EquityZen/ZoomInfo) that note founding and product positioning[2][1], and market data/context from CoinMarketCap/CMC AI[6].
Boba Network has raised $115.0M across 2 funding rounds. Most recently, it raised $70.0M Other Equity in December 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 24, 2025 | $70M Venture Round | Awaken Foundation, LDA Capital | — | Announced |
| Apr 1, 2022 | $45M Series A | — | 1k(x), Bessemer Venture Partners, First Round Capital, LGF, Liquid 2 Ventures, Jared Leto, JOE Montana, Paris Hilton, Will Smith, Crypto.com, Hypersphere Ventures, Infinite Capital, M13 | Announced |