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Puffer Finance - Seed
Overview
Funding Date
August 8, 2023
Financing amount
$5.5M
Valuation
--
Catagory
About Puffer Finance - Seed
Blockchain infrastructure company Puffer Finance raised $5.5 million in a seed funding round co-led by Lemniscap and the joint venture of Lightspeed and Faction. Other investors included Brevan Howard Digital.
The funding round also included Bankless Ventures, Animoca Ventures, DACM, LBK, SNZ and Canonical Crypto.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | Hong Kong | 2017 | 93 | info@lemniscap.vc | ||
| Fund | United States of America | 2022 | 16 | -- | ||
| Fund | United Kingdom | 2002 | 34 | enquiries@brevanhoward.com | ||
| Fund | Unknown | 2022 | 32 | -- | ||
| Corporate | Hong Kong | 2014 | 314 | -- | ||
| Fund | The British Virgin Islands | 2017 | 16 | -- | ||
| Corporate | -- | 2015 | 18 | -- | ||
| Foundation | -- | -- | 3 | -- | ||
| Fund | China | 2019 | 79 | hi@snzholding.com | ||
| Fund | United States of America | 2021 | 16 | -- |
Founders & Team
Amir Forouzani
Company Profile / Project Introduction
Puffer is the trustless liquid staking protocol, specifically designed to address the threats to decentralization posed by existing stake pools on Ethereum. Puffer aims to address the challenges faced by solo validators in Etehreum's proof-of-stake network. Secure-Signer is a remote signing tool that limits access to validator keys to mitigate the risks of being penalized, or slashed, as a result of software bugs or user error. The penalty can be a hefty hit for stakers that don’t have a large amount of ether (ETH). Puffer is also working on a protocol to lower the barriers of entry for at-home stakers as a viable alternative to centralized liquid staking providers.