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

The sale was led by Three Arrows Capital with participation from Blockchain.com, Accomplice, and a clutch of other institutional and angel investors

Crypto currency staking management platform Stader Labs, has raised $12.5 million in a strategic private sale that values the company 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 Prabhakar Reddy, Cofounder of FalconX and Matt Cantieri, GM at 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 importance of the raise, Stader Labs CEO Amitej Gajjala said:“This capital will