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Puffer Finance - Series A
Overview
Funding Date
April 16, 2024
Financing amount
$18M
Valuation
$200M
Catagory
About Puffer Finance - Series A
Puffer Finance has raised $18 million in Series A funding round led by Brevan Howard Digital and Electric Capital. With other investors included Coinbase Ventures, Kraken Ventures, Lemniscap, Franklin Templeton, Fidelity, Mechanism, Lightspeed Faction, Consensys, Animoca, GSR, and more.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United Kingdom | 2002 | 33 | enquiries@brevanhoward.com | ||
| Fund | United States of America | 2018 | 75 | -- | ||
| Fund | United States of America | 2018 | 291 | -- | ||
| Corporate | -- | -- | 37 | -- | ||
| Fund | Hong Kong | 2017 | 85 | info@lemniscap.vc | ||
| Fund | United States of America | 1947 | 24 | -- | ||
| Fund | United States of America | 1945 | 10 | -- | ||
| Fund | United States of America | 2020 | 90 | -- | ||
| Fund | Unknown | -- | 7 | -- | ||
| Corporate | Unknown | -- | 8 | -- |
Founders & Team
Amir Forouzani
Company Profile / Project Introduction
Puffer is the trustless liquid staking protocol, specifically designed to address the threats to decentralization posed by existing stake pools on Ethereum. Puffer aims to address the challenges faced by solo validators in Etehreum's proof-of-stake network. Secure-Signer is a remote signing tool that limits access to validator keys to mitigate the risks of being penalized, or slashed, as a result of software bugs or user error. The penalty can be a hefty hit for stakers that don’t have a large amount of ether (ETH). Puffer is also working on a protocol to lower the barriers of entry for at-home stakers as a viable alternative to centralized liquid staking providers.