Symbiotic Raises $29M in Series A Funding
Summary
The round was led by Pantera Capital, with participation from Coinbase Ventures and over 100 angel investors from leading teams including Aave, Polygon, and StarkWare. The company intends to use the funds to expand its core team and ecosystem support structures to meet growing network demand, build enhanced SDKs and tooling to streamline integrations for the 20+ networks currently in our pipeline, extend functionality across slashing mechanisms, cross-chain collateral composition, and risk modeling to enable new economic primitives. Symbiotic is advancing a platform that enables users to “restake” crypto tokens across different blockchain apps to boost security and rewards. In January 2025, the company deployed feature-complete core contracts on Ethereum mainnet, which established the first shared security system with customizable slashing capabilities. With 14 networks already live and over 35 in various integration stages, Symbiotic is rapidly becoming the foundation for decentralized coordination.