Stader Labs, a cryptocurrency staking management platform, has raised $4 million in its seed funding round led by Pantera Capital. The round also saw participation from Coinbase Ventures, True Ventures, Jump Capital, Proof Group, Hypersphere, Huobi Ventures, Solidity Ventures, Ledgerprime, and Double Peak Group. Several blockchain foundations also participated in the round including TerraForm Labs, Solana Foundation, and Near Foundation along with angel investors including Diogo Monica, CEO of Anchorage; Tim Ogilvie, CEO of Staked; Jaynti Kanani, CEO of Polygon; and Sandeep Nailwal, COO of Polygon. Other include Nemil Dalal, head of crypto at Coinbase; Akash Garg, CTO of Afterpay; Chris McCann, GP at Race Capital; Sumit Gupta, CEO of CoinDCX; Ahmed Al Balaghi, CEO of Biconomy; Aniket Jindal, COO of Biconomy; and Harsh Rajat, CEO of EPNS.
Stader Labs focuses on cryptocurrency staking management by building decentralised financial protocols and applications for efficient stake management on public blockchain networks. “Through Stader, we hope to empower crypto asset staking throughout the financial sector, making it easy and intuitive for investors to stake assets and generate returns,” Amitej Gajjala, co-founder and CEO of Stader Labs, said.