Let's take a look at Edgeless milestones. If we say that the Ether price was around 10 EUR when they were writing their Whitepaper, it looks like this:
- Milestone 1: 50 000 ETH (around 500 000 EUR)
- Milestone 2: 110 000 ETH (around 1 100 000 EUR)
- Milestone 3: 190 000 ETH (around 1 900 000 EUR)
- Milestone 4: 250 000 ETH (around 2 500 000 EUR)
- Milestone 5: 360 000 ETH (around 3 600 000 EUR)
Given that the current price of ETH is around 50 EUR, and they have raised 56933.88 ETH, they effectively have 2,8 million EUR raised. So they reached Milestone 4
You can see it in the website, they set the milestone in Ethereum as unit, not the fiat EURO as unit, so it is still milestone 1.