Ether.fi Raises $23M in Funding

▤ Summary

Ether.fi, a Cayman Islands-based company that has developed a liquid restaking protocol to support the operation and security of a blockchain network, raised a $23M funding round. The round was led by Bullish Capital and CoinFund with participation from OKX Ventures, Foresight Ventures, Consensys, and Amber. The company intends to use the funds to expand operations and its development efforts. Led by Mike Silagadze, CEO, ether.fi offers a decentralized staking protocol that allows stakers to retain control of their keys while delegating validator operations to a node operator. The company had also raised $4M in a previously unannounced round last year.

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