Symbiotic raises $29M in a Series A led by Pantera Capital to expand its restaking protocol and develop a Universal Staking framework.

The Symbiotic network has raised $29 million in a Series A funding round led by Pantera Capital. The funding will support the expansion of the team and development of its Universal Staking framework, transitioning from restaking to broader staking activities. Other participants included Coinbase Ventures and over 100 angel investors. This financing comes as Symbiotic seeks to compete with existing platforms in the rapidly evolving DeFi landscape.