Mar 29, 2023 8:11 am
Ethereum restaking protocol EigenLayer closes $50M Series A round led by Blockchain Capital
EigenLabs, the team behind the Ethereum re-pledging protocol EigenLayer, completed a US$50 million Series A financing, led by Blockchain Capital, and other investors such as Coinbase Ventures, Polychain Capital, Hack VC, and Electric Capital participated in the investment. The valuation terms were not disclosed. Foresight News previously reported that EigenLabs, founded in 2021 by Sreeram Kannan, an assistant professor at the University of Washington in Seattle, said in February this year that it was seeking to raise $50 million at a post-equity valuation of $250 million and a token valuation of $500 million. In addition, EigenLayer has received a $14.5 million seed round led by Polychain Capital and Ethereal Ventures.