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Series A Round

For Symbiotic

$29.0M Apr 23, 2023
Funding Details

Symbiotic is a Berlin-based startup that has developed a generalized restaking system, enabling decentralized networks to bootstrap fully sovereign ecosystems. The platform shifts to 'universal staking', allowing any blockchain to be secured and any asset to be utilized, thereby powering insurance protocols and DeFi products. The funding will be used to expand the team and enhance the Universal Staking framework. This funding round brings Symbiotic's total funding to $34.8 million, following a previous seed round of $5.8 million co-led by Paradigm and other investors. The Series A round was led by Pantera Capital and cbventures, both prominent players in the venture capital space focusing on blockchain and cryptocurrency innovations. The investment is expected to accelerate the development of Symbiotic's technology and expand its market reach.

Confidence Score
Data extraction confidence: 100%
Participating Investors
PanteraCapital

First U.S. institutional asset manager focused exclusively on blockchain technology. Since 2013, Pantera has invested in digital assets and blockchain...

cbventures

CB Ventures is a venture capital firm that focuses on investing in innovative technology companies, particularly in the fintech and property managemen...

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Other Data Sources
1
Exa Round Data
Apr 25, 2025
Exa Enrichment History
1

Fields Updated
amount currency announced_date description stage
Enrichment Details
Amount
29.0
Currency
USD
Announced Date
2023-04-23T00:00:00
Description
A generalized restaking system enabling decentralized networks to bootstrap fully sovereign ecosystems. Symbiotic shifts to 'universal staking', allowing any blockchain to be secured and any asset to be used, powering insurance protocols and DeFi products.
Stage
Series A
Enrichment History
  • {'updated_at': '2025-04-25T02:20:01.309406', 'fields_updated': {'amount': True, 'currency': True, 'announced_date': True, 'description': True, 'stage': True}, 'query_used': 'Symbiotic Series A funding round investment valuation', 'sources_count': 5}
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