(ETHStarkWare (layer-2 developer) has raised $100 million more in its latest round of funding, in spite the ongoing downturns in cryptocurrency markets.

StarkWare’s series D fundraising round sees the firm’s valuation up to $8 billion, marking a four-fold increase in value just six months after its Series C round in November 2021. Greenoaks Capital was the tech investor, while Coatue Capital and Tiger Global were private equity investors.