Liquid Restaking Protocol Ether.Fi Raises $23M in Series A Funding Round
Tech Liquid Restaking Protocol Ether.Fi Raises $23M in Series A Funding Round Liquid Restaking Protocol Ether.Fi Raises $23M in Series A Funding Round Ether.fi protocol, a native liquid restaking platform on the Ethereum network, has successfully closed a Series A funding round with $23 million from strategic investors. According to the announcement, the ether.fi series A funding round was led by Bullish Capital and CoinFund with key participation from OKX Ventures, Foresight Ventures, and Consensys, among others. The company highlighted that it had raised another $4 million in a previously unannounced funding round that closed late last year. As a result, ether.fi has raised a total of $27 million from strategic investors in the past few months alone. The notable demand for Ethereum (ETH) from both retail traders and institutional investors due to its reputable staking program has given ether.fi a decent business model in restaking. Moreover, the companys Total Value Locked (TVL) has grown from around $30 million in October last year to about $1.77 billion as of this report. “Ether.fi has seen remarkable growth, and we are thrilled to welcome the backing of leading crypto investors to support our continued expansion,” Mike Silagadze, CEO and co-founder of ether.fi, noted. The company will now be in