Crypto platform Stader Labs raises $12.5M on $450M valuation

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Cryptocurrency staking management platform Stader Labs raised $12.5 million in a strategic private sale that values ​​the company at up to $450 million.

The sale was led by Three Arrows Capital with additional participation from Blockchain.com, Accomplice, DACM, GoldenTree Asset Management, Accel, Amber, 4RC, Figment and select angels including FalconX Co-Founder Prabhakar Reddy and Managing Director Matt Cantieri of Anchor Protocol.

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

On the significance of the raise, Stader Labs CEO Amitej Gajjala said, “This capital will be strategically deployed to accelerate our cross-chain expansion, as well as nurture our growing ecosystem of third-party staking apps with a decentralized Stader infrastructure.”

“Since its launch in November 2021, there are over 15,000 unique wallets staking over 5.9 million LUNAs with a total locked value of approximately $500 million. These numbers underscore both Stader’s early traction and the broader market opportunity in staking infrastructure,” says Kyle Davies of Three Arrows Capital.

Its two main products are Stake Pools, where users can safely and easily stake in predefined baskets of validators grouped by performance, and Liquid Staking, where users receive a liquid token (LunaX) when they stake to participate in DeFi strategies that increase yield.

In addition to Terra, Stader’s native modular smart contracts will soon support multiple chains, including Solana, Ethereum, Fantom, Hedera, and Polygon. The goal is to build an economic ecosystem to grow and develop custom solutions such as yield redirection with rewards, liquid staking, launchpads, games, etc.

“These tools will bring Stader closer to its vision of being the most convenient and secure non-custodial staking platform – and a critical ally in the future of finance through its built-in decentralization for L1s,” says Do Kwon from Terra. “We are excited to continue supporting Stader as a leading Terra ecosystem project and the backbone of the next evolution of staking infrastructure.”

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