Total amount raised
$16.5 Million
Latest funding date
01/01/2022
Location
Stader Labs has successfully raised significant funding through two rounds, attracting investment from notable firms such as Digital Asset Capital Management, Accomplice, and Three Arrows Capital. The company is focused on building decentralized financial protocols and applications for efficient stake management on public blockchain networks.
Stader Labs offers a non-custodial, smart contract-driven staking platform that supports liquid staking, allowing users to earn rewards while maintaining liquidity. Keep reading to explore the intricacies of Stader Labs' fundraising journey and the investors backing this innovative platform.
What Is Stader Labs?
Stader Labs is a private company based in Singapore, specializing in decentralized financial protocols and applications for efficient stake management on public blockchain networks. The company operates in the asset management, blockchain, financial services, and fintech industries.
With a small team of 1-10 employees, Stader Labs offers a non-custodial, smart contract-driven staking platform that supports liquid staking. This allows users to earn rewards while maintaining liquidity. The platform is designed to cater to retail cryptocurrency users, exchanges, and custodians, emphasizing security and simplicity.
How Much Funding Has Stader Labs Raised?
- Seed Round
- Amount Raised: USD 4,000,000
- Date: October 2021
- Lead Investors: Pantera Capital
- Valuation at Round: USD 50,000,000
- Motivation Behind the Round: To support the initial development and launch of Stader Labs' staking infrastructure.
- Series Unknown
- Amount Raised: USD 12,500,000
- Date: January 2022
- Lead Investors: Three Arrows Capital
- Valuation at Round: USD 450,000,000
- Motivation Behind the Round: To accelerate cross-chain expansion and nurture the ecosystem of third-party developers creating staking applications.
Total Amount Raised: USD 16,500,000. Current Valuation: USD 450,000,000.
Key Investors
- Three Arrows Capital
- Details: Three Arrows Capital is a leading cryptocurrency hedge fund that focuses on providing superior risk-adjusted returns. They are known for their strategic investments in the cryptocurrency and blockchain space.
- Investment Focus Areas: Cryptocurrency, blockchain technology.
- Notable Investments: Aave, Avalanche, Polkadot.
- Blockchain.com
- Details: Blockchain.com is a cryptocurrency financial services company that offers a variety of services including a cryptocurrency wallet, exchange, and explorer. They are one of the most widely used platforms in the cryptocurrency space.
- Investment Focus Areas: Cryptocurrency financial services, blockchain technology.
- Notable Investments: Blockstream, Silvergate Bank.
- Accomplice
- Details: Accomplice is a venture capital firm that invests in early-stage technology companies. They have a strong track record of supporting innovative startups.
- Investment Focus Areas: Early-stage technology companies.
- Notable Investments: AngelList, Carbon Black, Zoopla.
- Digital Asset Capital Management (DACM)
- Details: DACM is an investment firm focused on digital assets and blockchain technology. They aim to support the growth and development of the digital asset ecosystem.
- Investment Focus Areas: Digital assets, blockchain technology.
- Notable Investments: Bitwise, BlockFi.
- GoldenTree Asset Management
- Details: GoldenTree Asset Management is an asset management firm that specializes in credit and has a focus on high-yield bonds, leveraged loans, distressed assets, structured products, and emerging markets.
- Investment Focus Areas: Credit markets, high-yield bonds, distressed assets.
- Notable Investments: Various traditional and digital assets.
What's Next for Stader Labs?
Stader Labs is poised for significant growth as it embarks on cross-chain expansion, aiming to integrate with blockchains like Solana, Ethereum, and Polygon. This move opens up vast opportunities, given the increasing interest in decentralized finance and staking solutions. The company’s early traction, with over 15,000 unique wallets staking more than 5.9 million LUNA, underscores the potential scale of these opportunities.
Future fundraising rounds seem likely as Stader Labs continues to develop its ecosystem and expand its market reach. The recent $12.5 million raise, led by Three Arrows Capital, sets a strong precedent for attracting further investment. However, the company will need to navigate challenges such as ensuring the security of its staking infrastructure and managing cross-chain operations effectively.
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