VC Fund Investments
Cryptocurrency stake mgmt platform Stader Labs raises $4-M from Pantera Capital, others
Bangalore- and Singapore-based Stader Labs, a cryptocurrency staking management platform, has raised USD 4 million in its seed round led by Pantera Capital. Coinbase Ventures, True Ventures, Jump Capital and Ledgerprime also participated in the round. Stader is focused on building decentralized financial protocols and applications for efficient stake management on public blockchain networks. The company's product is in use on Terra's blockchains and it is building an MVP on Solana. The firm has a team of 12 across four continents and has plans to double the team size in the upcoming year. It plans to build native smart contracts for staking on multiple blockchains such as Near, Polkadot, Ethereum, and Matic.
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