Kelp DAO, an Ethereum-based restaking protocol, secured $9 million in a private sale co-led by SCB Capital and Nomura’s Laser Digital.
The Bahamas-based proprietary trading firm SCB Capital and Nomura’s digital asset unit Laser Digital co-led a round that successfully completed the $9 million private sale of the Ethereum-based restaking protocol Kelp DAO.
Bankless Ventures, Hypersphere, Draper Dragon, DACM, Cypher Capital, ArkStream, Cluster Capital, GSR, Longhash, Side Door Ventures, NOIA Capital, HTX Ventures, Avid3, ViaBTC Capital, DWF Ventures, and Coinseeker were among the investment firms that participated in the financing.
With the new funding, Kelp DAO will be able to improve the platform, enter new ecosystems (such as Solana and Bitcoin), and rethink its restaking solutions.
The protocol has piqued the interest of prominent figures in the cryptocurrency industry, including Scott, Cofounder of Gitcoin; Alex, CEO of Nansen; Sam K, Cofounder of Frax; Marc Zeller, Aave Chan Initiative; Saurabh Sharma, Jump Crypto; Amrit, COO of Altlayer; Anthony, Cofounder of Swissborg; Winslow Strong, Mr. Block, and others on the current roster of angel investors.
Following a spike from $216 million in February to the current level of $959 million, Kelp DAO has witnessed a significant increase in TVL this year, according to data from DeFiLlama.
Kelp DAO issued an announcement to the media, stating that the funds are based on over $950 million in Total Value Locked (TVL) and over 40,000 active restakers on the site.
According to Kelp DAO, the involvement of numerous prominent crypto angel investors demonstrates the confidence of global investors in the investment round.
“This fundraise is propelling our market expansion and sharpening our focus on building customer-centric solutions,” said Dheeraj Borra, co-founder of Kelp DAO. It’s an incredible feeling to have our investors on board with that goal.
“We are very excited to support Kelp DAO and the passionate team in its journey towards building innovative restaking infrastructure solutions,” Jez Mohideen, CEO of Laser Digital, who co-led the round, noted.