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Andreessen Horowitz Backs Ethereum Staking Startup EigenLayer With $100 Million Investment

Andreessen Horowitz Backs Ethereum Staking Startup EigenLayer With $100 Million Investment

02/22/24, 3:52 PM
Money raised
$100 million
Round Type
series b
Investors
Andreessen Horowitz
Andreessen Horowitz recently invested $100 million in EigenLayer, a startup that enables Ethereum 'restaking'. This signals renewed confidence in innovative projects that maximize yield opportunities in crypto markets.

Company Info

Company
EigenLayer
Additional Info
EigenLayer is a startup that enables Ethereum 'restaking', allowing ETH stakers to earn additional returns by using their existing stake to validate multiple networks simultaneously.