Series A Round

Symbiotic raised $29 million in a Series A funding round led by Web3-focused investment firms, including Paradigm and Pantera Capital. This funding will be used to expand its team and contribute to its Universal Staking framework, which enables 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.