Essential: Funding, Investors & Team (Sep 2026)
Essential is a layer-2 blockchain that focuses on declarative intent and operates as an optimistic rollup on the Ethereum network.
Essential has raised $8.0M across 1 funding round on record, the most recent a Series A of $8.0M announced in Aug 2024.
That round is above the $6.6M median round size for Blockchain and Cryptocurrency companies tracked on FundedIQ over the last two years.
Essential Company Profile and Key Stats
Latest funding round on record: Aug 2024.
Essential Funding Rounds
Essential Founders and Leadership Team
No contact details are on record for this team yet.
Essential Funding Compared to Other Blockchain and Cryptocurrency Startups
Essential's latest round of $8.0M is above the median round in Blockchain and Cryptocurrency. Medians cover the last 24 months of disclosed rounds.
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Essential Funding FAQs
What does Essential do?
Essential is a layer-2 blockchain that focuses on declarative intent and operates as an optimistic rollup on the Ethereum network.
How much funding has Essential raised?
Essential has raised $8.0M across 1 round on record. The most recent is a Series A of $8.0M announced in Aug 2024.
When did Essential last raise funding?
Essential's most recent funding round on record is a Series A of $8.0M, announced in Aug 2024.
Who founded Essential?
FundedIQ lists Pete Hartofilis (Founder) at Essential.
Where is Essential headquartered?
Essential is based in Montréal, Quebec, Canada.
How many employees does Essential have?
Essential is in the 1-10 employee band.
How does Essential's funding compare to other Blockchain and Cryptocurrency startups?
Essential's latest round of $8.0M is above the $6.6M median round size for Blockchain and Cryptocurrency companies on FundedIQ across 659 tracked companies over the last two years.
About FundedIQ's Essential Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Essential is left off this page rather than filled in.
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