Fundz

Pye Finance has closed a $5M seed round led by Variant and Coinbase Ventures to develop an on-chain marketplace for time-locked staking positions on Solana.

PRIVATEDec 08, 2025

Amount Raised

$5 Million

Round Type

Seed

New YorkSoftwareE CommerceFintechBlockchainCryptocurrency

Investors

Solana LabsNascentGeminiVariantCoinbase Ventures

Description

Pye Finance has raised a $5 million seed round led by Variant and Coinbase Ventures. The round included participation from Solana Labs, Nascent, and Gemini. The startup aims to build an on-chain marketplace on Solana for time-locked staking positions. The funding will support their effort to make locked stakes easier to manage and more transferrable.

Quick answer

Pye Finance raised $5 Million in a Seed round, dated December 8, 2025. Investors: Solana Labs, Nascent, Gemini, Variant and Coinbase Ventures. Pye Finance is based in New York, New York, United States.

How much did Pye Finance raise?
Pye Finance raised $5 Million in a Seed round on December 8, 2025.
Who invested in Pye Finance?
Solana Labs, Nascent, Gemini, Variant and Coinbase Ventures are named as investors in this round.
What does Pye Finance do?
Pye Finance is building an on-chain marketplace on Solana for time-locked staking positions, aiming to make locked stake transferable and easier to structure into fixed-term products.
Where is Pye Finance based and how big is it?
Pye Finance is based in New York, New York, United States. Fundz records about 4 employees.
Who are the decision-makers at Pye Finance?
Fundz holds 1 contact at Pye Finance. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in E Commerce and Fintech around the same time

Companies in the same sectors as Pye Finance that raised within 45 days of this round, from Fundz verified event records.

  • Architect raised $35M (Series A) on December 25, 2025.
  • Digital Asset Acquisition raised $50M (Funding Round) on December 4, 2025.
  • Obita raised $30M (Seed) on January 12, 2026.
  • Chaince Digital Holdings raised $6.1M (Funding Round) on December 22, 2025.
  • Coinbax raised $4.2M (Seed) on December 22, 2025.
  • Trustyfy raised $6.8M (Seed) on December 15, 2025.

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Company Information

Company

Pye Finance

Location

New York, New York, United States

About

Pye Finance is building an on-chain marketplace on Solana for time-locked staking positions, aiming to make locked stake transferable and easier to structure into fixed-term products. The company's solution targets staked SOL on Solana, which totals over 414 million tokens, facilitating better competition among validators and improved liquidity management for stakers. Pye aims to transform how validators operate, allowing them to offer structured products and predictable returns while enhancing transparency for stakers. Founded by Erik Ashdown and Alberto Cevallos, Pye plans to launch a private beta in early 2026.

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Pye Finance raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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