Andreessen Horowitz, a prominent venture firm, has invested $100 million in EigenLayer, a crypto startup focusing on Ethereum restaking protocols, in a Series B funding round. This investment marks a significant bet on blockchain technology, with EigenLayer raising this amount after a previous $50 million round in March 2023. Founded by Sreeram Kannan, a former associate professor at the University of Washington, EigenLayer aims to enhance Ethereum projects through a points system facilitating crypto 'restaking.' Eigen Labs, the development team behind EigenLayer, has been identified as the beneficiary of this substantial funding round, which was led solely by Andreessen Horowitz as the sole backer. The investment underscores continued confidence in blockchain technology among leading investors and highlights EigenLayer's role in lowering barriers to creative deployment in Ethereum's middleware ecosystem, contributing to its nearly $8B in TVL.
ANDREESSEN HOROWITZ INVESTS $100M IN EIGEN LABS Eigen Labs, creators of Ethereum restaking project EigenLayer, secured Series B funding led by a16z crypto. EigenLayer confirmed the investment in a Twitter thread and noted that they’re excited to partner with a16z crypto to… https://t.co/qJlaeHzxN7
Trending: Crypto startup EigenLayer, led by a former Univ. of Washington professor, raises $100M from a16z https://t.co/ICs3W9BFID
📣 Latest News: Restaking Protocol EigenLayer Raises $100M From Andreessen Horowitz #news #cryptonews #crypto
ICYMI: @a16zcrypto leads @eigenlayer's Series B, investing $100m. https://t.co/HS8z4DLlmr
ICYMI: Andreessen Horowitz invests $100 million in restaking project EigenLayer: Bloomberg https://t.co/a15nBdsVMB
Ethereum restaking protocol @eigenlayer has raised $100M in a Series B funding round led by @a16zcrypto EigenLayer is DeFi's 4th largest protocol with nearly $8B in TVL. Read more: https://t.co/zKdSXQWjHJ https://t.co/mlkfIeQFLe
Crypto startup EigenLayer, led by a former Univ. of Washington professor, raises $100M from a16z https://t.co/ICs3W9BFID
Ethereum restaking protocol EigenLayer raises $100 million led by a16z https://t.co/gU3XwfLUyY
VC firm Andreessen Horowitz has made a $100 million investment in the crypto startup EigenLayer, demonstrating continued confidence in blockchain from leading investors. https://t.co/T4bPhNy9GF
Congrats to @eigenlayer on the $100m that Eigen Labs just raised from @a16zcrypto! 👏 As the comprehensive liquidity layer for liquid restaking, Vector Reserve will play a key role in supporting the EigenLayer ecosystem as it scales💧 https://t.co/FoP0W2Z9c9
💰 @eigenlayer raises $100 million from @a16zcrypto. Never miss a deal and stay up to date on what's happening across the industry with Messari Intel ⬇️ https://t.co/y7thdNUQt9 https://t.co/Tdnj2FwZWv
Huge congratulations to @sreeramkannan @eigenlayer and @a16z 🎉 $100M into EigenLayer means $100M into the buildout of Ethereum’s middleware ecosystem on a grand scale Lowering the barriers to creative deployment is always a winning strategy and EL does that for middleware https://t.co/l4R816ohfG
Congratulations to the @EigenLayer team on the $100m Series B raise from @a16z. Insanely good leadership + execution + partners 🚀 ‘I do believe @sreeramkannan is amongst the most remarkable entrepreneurs of our era, with extremely high integrity, empathy, kindness, insane… https://t.co/gTIgcW6myI
Eigen Labs, the development team contributing to @eigenlayer, raised $100 million from @a16z, @liqquidity reports. https://t.co/Ea8duaWkEH
Accelerating Ethereum Together: @eigenlayer ♾ @a16zcrypto We are excited to announce that Eigen Labs, the core development team contributing to EigenLayer and @eigen_da, has raised $100 million from a16z crypto. https://t.co/M2JQ8HZZ0h
Bloomberg: Venture firm Andreessen Horowitz invested $100 million in crypto startup EigenLayer and was the sole backer in this round. EigenLayer was founded by Sreeram Kannan, who previously was an associate professor at the University of Washington. It facilitates a process…
EigenLayer, which facilitates crypto "restaking" to build Ethereum projects via a points system, raised $100M from a16z, after raising $50M in March 2023 (Bloomberg) https://t.co/N57ieagpEp 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/8Ln71K5Pb8
Bloomberg: Venture firm Andreessen Horowitz invested $100 million in crypto startup EigenLayer and was the sole backer. EigenLayer was founded by Sreeram Kannan, who previously was an associate professor at the University of Washington. It facilitates a process called…
⚡️@eigenlayer, a platform to leverage Ethereum security through the innovative method of restaking, has raised $100 million in a Funding round with participation from @a16zcrypto. 👉 https://t.co/3GpOv8Qre0 https://t.co/8Rk8X4LpzJ
Venture firm Andreessen Horowitz invested $100 million in crypto startup EigenLayer, suggesting that some of the industry’s top backers are still betting on blockchain https://t.co/IphqmLd9br