Bitcoin project Citrea raises $14 million in Series A funding

Bitcoin Rollup project Citrea has raised $14 million in Series A financing, led by Peter Thiel's Founder Fund, with angel investors Erik Voorhees and Balaji Srinivasan also participating. Citrea raised $2.7 million in seed funding in February in a round led by Galaxy. The company uses the BitVM computing paradigm to allow Ethereum-style smart contracts to be used on Bitcoin.