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Solayer Labs raised $12 million in a seed round led by Polychain Capital, reaching a valuation of $80 million to enhance their Solana restaking protocol.

PRIVATEAug 27, 2024

Amount Raised

$12 Million

Round Type

Seed

San FranciscoBlockchainCryptocurrency

Investors

MaelstromAbcdeRace CapitalNomad CapitalHack VCBig Brain HoldingsPolychain Capital

Description

Solayer Labs, the developer behind the Solana-based restaking protocol Solayer, has successfully completed a $12 million seed funding round, increasing its valuation to $80 million. The round was led by Polychain Capital and included several other notable investors. This funding will support the continued development and implementation of their innovative restaking solutions.

Quick answer

Solayer Labs raised $12 Million in a Seed round, dated August 27, 2024. Investors: Maelstrom, Abcde, Race Capital, Nomad Capital, Hack VC, Big Brain Holdings and Polychain Capital. Solayer Labs is based in San Francisco, California, United States.

How much did Solayer Labs raise?
Solayer Labs raised $12 Million in a Seed round on August 27, 2024.
Who invested in Solayer Labs?
Maelstrom, Abcde, Race Capital, Nomad Capital, Hack VC, Big Brain Holdings and Polychain Capital are named as investors in this round.
What does Solayer Labs do?
Solayer Labs is the developer behind the Solana restaking protocol, Solayer.
Where is Solayer Labs based and how big is it?
Solayer Labs is based in San Francisco, California, United States. Fundz records about 4 employees.
Who are the decision-makers at Solayer Labs?
Fundz holds 1 contact at Solayer Labs. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Blockchain and Cryptocurrency around the same time

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

  • Yala raised $8M (Seed) on October 10, 2024.
  • Sidepit raised an undisclosed amount (Pre-Seed) on October 10, 2024.
  • Tradias raised an undisclosed amount (Series A) on October 8, 2024.
  • Initia raised $14M (Series A) on September 25, 2024.
  • Helix Labs raised $2M (Pre-Seed) on September 23, 2024.
  • Amnis Finance raised $2M (Seed) on September 23, 2024.

Who to call at Solayer Labs, and when

A new round usually means Solayer Labs is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Solayer Labs

Location

San Francisco, California, United States

About

Solayer Labs is the developer behind the Solana restaking protocol, Solayer. The protocol enables users to maximize their earnings by locking up staked assets in various protocols, known as actively validated services. Solayer distinguishes itself by focusing on native Solana on-chain decentralized applications. It aims to expand its team and integrate new protocols, alongside plans to launch its native token in the future.

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Solayer Labs 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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