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Andreessen Horowitz Backs Ethereum Staking Startup EigenLayer With $100 Million Investment

Feb 22, 2024•over 1 year ago

Amount Raised

$100 Million

Round Type

series b

Investors

Andreessen Horowitz

Description

Andreessen Horowitz recently invested $100 million in EigenLayer, a startup that enables Ethereum 'restaking'. This signals renewed confidence in innovative projects that maximize yield opportunities in crypto markets.

Company Information

Company

EigenLayer

About

EigenLayer is a startup that enables Ethereum 'restaking', allowing ETH stakers to earn additional returns by using their existing stake to validate multiple networks simultaneously.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
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