Symbiotic, a Berlin, Germany primarily based common staking startup, raised $29m in Sequence A funding.
The spherical was led by Pantera Capital, with participation from Coinbase Ventures and over 100 angel traders from main groups together with Aave, Polygon, and StarkWare.
The corporate intends to make use of the funds to develop its core workforce and ecosystem help constructions to satisfy rising community demand, construct enhanced SDKs and tooling to streamline integrations for the 20+ networks presently in our pipeline, prolong performance throughout slashing mechanisms, cross-chain collateral composition, and threat modeling to allow new financial primitives.
Symbiotic is advancing a platform that permits customers to “restake” crypto tokens throughout totally different blockchain apps to spice up safety and rewards.
In January 2025, the corporate deployed feature-complete core contracts on Ethereum mainnet, which established the primary shared safety system with customizable slashing capabilities. With 14 networks already reside and over 35 in varied integration levels, Symbiotic is quickly changing into the muse for decentralized coordination.
The founding workforce contains: Misha Putiatin, Jillian Friedman, Algys Ievlev, and Felix Lutsch.
FinSMEs
25/04/2025
