Stader Labs raised $12.5 million in a strategic round
Stader Labs, a crypto firm that develops decentralized finance or DeFi products for proof-of-ownership blockchain networks, announced Thursday that it raised $12.5 million in a private sale. The funding round was led by Three Arrows Capital with additional participation from Blockchain.com investors, Accomplice, DACM, GoldenTree Asset Management, Accel, Amber, 4RC, Figment and anger. Thus, Staber Labs is valued at $450 million.
Amitay Gajala, CEO of Stader Labs, commented on the development as follows:
"This capital will be strategically used to accelerate the development of our interconnect extension as well as to develop our growing ecosystem of third-party developers building stacking applications with Stader's decentralized infrastructure."
