Stader Labs Raises $4 Million in Seed Funding, Led by Pantera Capital & Other Major Investors

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Stader Labs Raises $4 Million in Seed Funding, Led by Pantera Capital & Other Major Investors

2 mins read / updated on Fri Sep 08 2023

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In the last few months, we have been working to make staking simpler, safer, and more profitable. By eliminating the complexity of staking through end-to-end management solutions, we aspire to build a platform that caters to your needs.

In this pursuit, we aspire to be a one-stop platform for all types of staking solutions including conventional staking, liquid staking, derivatives, gaming and high-yield strategies and help delegators discover and choose optimal staking opportunities with unprecedented ease.

Today, we’re thrilled to announce that this endeavour is receiving support from a growing community that believes in our vision. We have successfully closed a funding of US$4 million in seed financing from:

  • Pantera Capital
  • Coinbase Ventures
  • True Ventures
  • Jump Capital
  • Proof Group
  • Hypersphere
  • Huobi Ventures
  • Solidity Ventures
  • Ledgerprime
  • Double Peak Group

In addition, we’re also grateful to the numerous blockchain foundations that have shown their support and participated in the round. These include:

  • TerraForm Labs
  • Solana Foundation
  • Near Foundation

Our believers don’t stop there. A number of prominent angel investors are also seeing value in our offerings and have generously contributed. They are:

  • Diogo Monica (CEO, Anchorage)
  • Tim Ogilvie (CEO, Staked)
  • Jaynti Kanani (CEO, Polygon)
  • Sandeep Nailwal (COO, Polygon)
  • Nemil Dalal (Head of Crypto, Coinbase)
  • Akash Garg (CTO, Afterpay)
  • Chris McCann (GP, Race Capital)
  • Sumit Gupta (CEO, CoinDCX)
  • Ahmed Al Balaghi (CEO, Biconomy)
  • Aniket Jindal (COO, Biconomy)
  • Harsh Rajat (CEO, EPNS)
  • Matt Batsinelas (Partner, Triblock)

Our plans

With this round of financing, we plan to accelerate product development across multiple blockchains and marketing efforts geared toward a global crypto audience. In the future, we plan to launch a number of products and features to assist delegators in maximizing their staking returns with greater ease.

  • We will build native smart contracts for staking on multiple blockchains — aiming to cover five to six PoS blockchains over the next year — including Near, Polkadot, Ethereum, Polygon etc.
  • In the long run, we plan to build APIs to offer end-to-end staking solutions for exchanges and mainstream fintech apps, tapping into an underserved financial demand for high-quality staking products among retail crypto investors.

What’s in store for you?

Stader Labs diversifies risk by staking across an index of validators in one click, allowing investors like you to maximize your staking returns by tapping into multiple financial products built on top of staked assets. With a community of more than 5,000 active members, Stader Labs is currently in use on Terra testnet and is building an MVP on Solana.

And, we’re just getting started. Come, let’s reimagine staking together.

Join us in this journey via our Twitter community

By:

Stader Labs

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