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Terra Staking Platform Stader Labs Raises $12.5M

Strader

Three Arrows Capital funds a $12.5 million strategic fundraising round for Stader Labs. The most recent boost puts the company’s value at $450 million.

Stader is a non-custodial, smart contract-based staking platform that helps retail and institutions simply identify and utilise staking solutions. It was founded in April 2021 by Amitej Gajjala, Sidhartha Doddipalli, and Dheeraj Borra.

Pantera, Coinbase Ventures, Jump Capital, True Ventures, Hypersphere, Proof, Ledger Prime, Huobi Ventures, Solidity Ventures, and Double Peak previously invested $4 million in Stader.

Speaking on the fundraise, Amitej Gajjala, Co-founder and CEO, Stader Labs stated, “This capital will be strategically deployed to accelerate our cross-chain expansion, as well as to nurture our growing ecosystem of third-parties developing staking applications with decentralised Stader infrastructure.”

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