Celo (CELO) is a carbon-negative, mobile-first, and EVM-compatible Layer-1 network in transition to an Ethereum Layer-2. Celo is focused on real-world blockchain use cases such as payments and regenerative finance (ReFi). After raising $36.5 million in two private fundraising rounds, Celo mainnet launched on Earth Day in 2020. Soon after, a public sale for Celo’s native token CELO raised $10 million on CoinList. In early 2021, Celo raised $20 million in another private round. The development and growth of Celo’s network and ecosystem were initially led by cLabs and the Celo Foundation. While these entities are still involved, Celo’s development and growth have become more decentralized and community-driven, with participation from a globally distributed group of projects and DAOs.