{"id":76353,"date":"2023-03-29T10:30:00","date_gmt":"2023-03-29T07:30:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=76353"},"modified":"2025-09-10T16:56:55","modified_gmt":"2025-09-10T13:56:55","slug":"eigenlayer-restaking-protocol-raises-50m-in-series-a-at-a-750m-valuation","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/eigenlayer-restaking-protocol-raises-50m-in-series-a-at-a-750m-valuation\/","title":{"rendered":"EigenLayer restaking protocol raises $50m in Series A at a $750m valuation"},"content":{"rendered":"<p>The EigenLayer restaking protocol has raised $50 million in a Series A round, led by Blockchain Capital.<\/p>\n<p>\\n\\n\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\"><p>\\n<\/p>\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">We\u2019ve led the $50M Series A financing of <a href=\\\"https:\/\/twitter.com\/eigenlayer?ref_src=twsrc%5Etfw\\\">@eigenlayer<\/a>!<\/p>\n<p>\\n<\/p>\n<p>Founder <a href=\\\"https:\/\/twitter.com\/sreeramkannan?ref_src=twsrc%5Etfw\\\">@sreeramkannan<\/a> is a technical visionary who\u2019s revolutionizing our ecosystem. <\/p>\n<p>\\n<\/p>\n<p>More on our thesis. \u2193 <a href=\\\"https:\/\/t.co\/ozO9F8PbDw\\\">pic.twitter.com\/ozO9F8PbDw<\/a><\/p>\n<p>\\n<\/p>\n<p>\u2014 Blockchain Capital (@blockchaincap) <a href=\\\"https:\/\/twitter.com\/blockchaincap\/status\/1640748894517886977?ref_src=twsrc%5Etfw\\\">March 28, 2023<\/a><\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>\\n\\n\\n<\/p>\n<p>According to <a href=\\\"https:\/\/www.theblock.co\/post\/222901\/eigenlayer-series-a\\\">The Block<\/a>, the round also included Coinbase Ventures, Polychain Capital, Hack VC and Electric Capital.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Equity in EigenLayer was valued at $250 million, with native tokens at $500 million.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>The startup was founded in 2021 by Shriram Kannan, an assistant professor at the University of Washington in Seattle. According to him, EigenLayer allows ETH to be used in <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-staking-and-how-to-make-money-from-it\">staking<\/a> to secure other protocols and to implement innovations at the consensus layer without the need to launch a new blockchain.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cThe core innovation of EigenLayer, namely restaking, changes the game for launching new crypto-economic networks,\u201d said Bart Stephens, founder of Blockchain Capital.<\/p>\n<\/blockquote>\n<p>\\n\\n\\n\\n<\/p>\n<p>The project team plans to roll out the initial version of the protocol in phases by the end of 2023.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>According to the publication, EigenLayer previously raised $14.5 million in a seed round led by Polychain Capital and Ethereal Ventures.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>In February, the Ether.Fi liquid staking protocol attracted <a href=\"https:\/\/u1f987.com\/en\/news\/ether-fi-liquid-staking-protocol-raises-5-3-million-in-funding\">$5.3 million<\/a> from North Island Ventures, Chapter One and a number of other investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EigenLayer restaking protocol raised $50 million in a Series A round, led by Blockchain Capital.<\/p>\n","protected":false},"author":1,"featured_media":76354,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1289,1133],"class_list":["post-76353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-staking","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"29","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=76353"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76353\/revisions"}],"predecessor-version":[{"id":76355,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76353\/revisions\/76355"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/76354"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=76353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=76353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=76353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}