EigenLabs Valuation, Funding & Investors
EigenLabs is valued at $250M as of February 2023.
Last EigenLabs valuation
$250M
Series A · Feb 2023
Last EigenLabs funding round
$70M
Undisclosed stage · Jun 2025
Cumulative funding EigenLabs raised
$234M
across 4 funding rounds
Key investors in EigenLabs
a16z crypto
Blockchain Capital
WAGMI Ventures
Figment Capital
TRGC
Ambush Capital
About EigenLabs
EigenLabs is a San Francisco-headquartered blockchain infrastructure provider enabling Ethereum restaking through its EigenLayer protocol. Launched in 2023, it allows staked ETH to secure additional services like data availability layers and oracles without withdrawal. The platform supports developers building on Ethereum's $40 billion staked capital base via decentralized validators across rollups and sidechains.
Founded
2021
HQ
Seattle, WAWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Usage-based
Valuation
$250M (Feb 2023)
EigenLabs Valuation
EigenLabs is currently valued at $250M, based on its Series A in February 2023.
The $50M round was led by Blockchain Capital, with participation from TRGC, WAGMI Ventures, Trevor Koverko and Neel Somani.
EigenLabs valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Feb 2023 | Series A | $250M |
EigenLabs Funding History
EigenLabs has raised a total of $234M across 4 funding rounds.
EigenLabs' first fundraising round was a $14M seed round in August 2022. The most recent completed round was a $70M undisclosed-stage round in June 2025.
EigenLabs funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2025 | Undisclosed stage | a16z crypto (lead) | $70M | - | Eigen Labs, the developer behind the EigenLayer Ethereum restaking protocol, raised $70 million from a16z crypto on June 17, 2025, coinciding with the launch of EigenCloud, a platform providing blockchain-level trust guarantees for Web2 and Web3 applications. EigenCloud integrates data availability, general computing, and dispute resolution, built on EigenLayer's re-staking protocol, with its alpha version achieving 50MB/s throughput in data availability and plans for full launch by end of 2025. The funding supports commercialization of services like EigenVerify for dispute resolution and EigenCompute for execution, aiming to expand verifiable solutions into fields like medical records and machine learning via a 'verifiability as a service' model. This round follows a $100 million Series B in February 2024 also led by a16z, with sources describing the 2025 transaction variably as equity funding or a $70 million EIGEN token purchase to back EigenCloud rollout. Eigen Labs focuses on protocols enhancing open innovation on Ethereum, addressing blockchain technical bottlenecks to enable new verifiable applications. The company, based in Seattle, positions EigenLayer as a key infrastructure for restaking, powered by the EIGEN token. EigenCloud is gradually opening to developers, narrowing gaps between developer needs and blockchain capabilities, as stated by founder Sreeram Kannan. |
| Feb 2024 | Series B | a16z crypto (lead) | $100M | - | Eigen Labs, the core development team behind the EigenLayer protocol, raised $100 million in a Series B funding round on February 22, 2024, led solely by a16z crypto (Andreessen Horowitz's crypto arm). EigenLayer enables Ethereum restaking, allowing staked ETH to secure additional protocols and services, pioneering innovations like cross-chain messaging, AI inference, and data availability solutions such as the upcoming EigenDA. The company, founded in 2021 by Sreeram Kannan (former University of Washington professor), aims to make crypto-economic trust programmable and foster open innovation on Ethereum. At the time of the raise, EigenLayer had seen explosive growth, with total value locked (TVL) nearly quadrupling in the prior month to under $8 billion after lifting a deposit cap, making it the fourth-largest DeFi protocol despite being less than a year old. This followed a $50 million Series A round roughly a year earlier, reportedly at a $250 million post-equity valuation and $500 million token valuation in 2023. The investment reflects a16z's confidence in restaking's potential to enable 100x faster innovation in blockchain infrastructure like bridges and oracles. Eigen Labs plans to use the funds to expand the EigenLayer protocol, support actively validated services (AVS), and empower developers with Ethereum's node infrastructure for new protocols. a16z General Partner Ali Yahya highlighted the team's vision to unlock a new dimension of open innovation. The deal marks one of the largest crypto raises of 2024, amid signs of renewed VC interest in the sector after a downturn. The protocol remains in phased rollout, with EigenDA—a data availability service for Ethereum rollups—expected in the first half of 2024, followed by third-party AVS. Eigen Labs emphasizes research, open-source contributions, and partnerships aligned with academic rigor, drawing from Kannan's blockchain lab roots. |
| Feb 2023 | Series A | Blockchain Capital (lead); TRGC; WAGMI Ventures; Trevor Koverko; Neel Somani | $50M | $250M | EigenLabs, founded by Sreeram Kannan (associate professor at University of Washington), is the team behind EigenLayer, a re-staking protocol built on Ethereum designed to lower the cost of trust and capital for blockchain developers. The protocol allows the same capital to simultaneously secure Ethereum and other protocols, addressing what the founders saw as a critical infrastructure bottleneck preventing widespread blockchain adoption for applications like social networks and decentralized services. In March 2023, EigenLabs raised $50 million in a Series A funding round led by Blockchain Capital, with participation from Coinbase Ventures, Polychain Capital, Electric Capital, Hack VC, and Finality Capital Partners. The round valued the company at $250 million post-money on an equity basis, with an additional $500 million token valuation according to The Block. The capital was deployed to hire team members, fund code audits, and support developers building on EigenLayer. EigenLayer launched in phases throughout 2023 and experienced rapid growth, becoming the fourth-largest decentralized finance protocol within less than a year with nearly $8 billion in deposits by late 2024. The protocol's success led to subsequent funding, including a $100 million Series B round from Andreessen Horowitz's crypto arm announced in late 2024, further validating the market opportunity for restaking infrastructure. |
| Aug 2022 | Seed | Ambush Capital; Blockchain Capital; Figment Capital | $14M | - | EigenLabs, founded in 2021 and based in Seattle, developed EigenLayer, a set of smart contracts on Ethereum that enables ETH stakers to validate new software modules, aggregating security across Ethereum-based applications to enhance dApp security without fragmenting liquidity. The company raised $14.4 million in a seed round on August 1, 2022, with investors including Blockchain Capital among others such as Polychain Capital and Ethereal Ventures. EigenLayer addresses blockchain infrastructure challenges by allowing restaking of ETH to secure multiple modules simultaneously. |
Who has invested in EigenLabs?
8 investors have backed EigenLabs across its funding rounds, including a16z crypto, Blockchain Capital, WAGMI Ventures, Figment Capital, TRGC and Ambush Capital.
Lead investors include a16z crypto and Blockchain Capital.
EigenLabs Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 2 | Lead | Feb 2024 | |
| San Francisco, CA | 2 | Lead | Aug 2022 | |
| New York City, NY | 1 | Participant | Aug 2022 | |
 Amsterdam | 1 | Participant | Feb 2023 | |
| New York City, NY | 1 | Participant | Feb 2023 | |
| San Francisco, CA | 1 | Participant | Feb 2023 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by EigenLabs
EigenLabs has acquired 1 company to date.
Last acquisition by EigenLabs was on June 12th 2024. EigenLabs acquired Rio Network for undisclosed valuation.
Latest Acquisitions by EigenLabs
| Description | Rio Network is a blockchain platform enabling proof-of-stake issuance and management of digital securities and crypto assets. It supports tokenization for investments, compliance tools, and lifecycle services on its public chain, targeting institutional users globally. |
| HQ Country | |
| HQ City | Los Angeles, CA |
| Deal Date | 12 Jun 2024 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
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Investments by EigenLabs
EigenLabs has invested in 2 companies to date.
Latest investment by EigenLabs was on September 18th 2025. EigenLabs invested in GRVT in their $19M Series A round.
Latest Investments by EigenLabs
| Description | GRVT is a self-custody derivatives trading platform designed for institutional traders. It supports futures and perpetuals through RFQ and CLOB mechanisms while maintaining user control over assets to eliminate counterparty risk. The platform handles high transaction throughput and incorporates KYC processes alongside privacy features. Based in the United States, GRVT launched in 2023 and focuses on efficient crypto derivatives execution for professional users seeking non-custodial options. | Curvance is a decentralized lending protocol operating on Ethereum, Polygon zkEVM, Base, Arbitrum, and Optimism blockchains. The platform facilitates borrowing and lending of yield-bearing assets alongside ERC-20 tokens through liquidity pools and isolated markets. It deploys dynamic interest rate models and liquidation mechanisms to maintain protocol solvency across DeFi ecosystems. |
| HQ Country |  |  |
| HQ City | Singapore | George Town |
| Deal Date | 18 Sep 2025 | 5 Dec 2023 |
| Round | Series A | Seed |
| Raised | $19M | $4M |
| Investors | ZKsync; Further Ventures; 500 Global | Frax Finance; Mantle Network; Curve Finance; Balancer Labs; Offchain Labs; Sandeep Nailwal; Convex Finance; GMX; Scroll.io; Aura Finance; Pendle Finance |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
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EigenLabs Competitors
EigenLabs competitors include listed companies like Capital B and ProCap Financial, and private ones like 4ARTechnologies AG, Aperture Finance, Beldex and CryptoGPT.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Switzerland | Private | - | - | $250M | - | |
| San Francisco, CA | Private | - | - | $250M | - | |
 Victoria | Private | - | - | $250M | - | |
| Singapore | Private | - | - | $250M | - | |
 France | Publicly listed | $13M | ($5M) | $223M | 6.6x | |
| United States | Publicly listed | - | - | $304M | - |
EigenLabs Public Comps
EigenLabs is still privately-owned, but its public comps include Capital B, Wewards, DeFi Technologies, ProCap Financial, Exodus Movement, StableCoinX, Chaince Digital, OranjeBTC, Bakkt and Bitcoin Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $13M | ($5M) | 6.6x | 6.6x | (15.9x) | (15.7x) | |||
| - | ($77K) | - | - | (2932.9x) | - | |||
| $76M | $70M | 1.0x | 1.4x | 1.1x | (16.5x) | |||
| - | - | - | - | - | - | |||
| $122M | ($21M) | 1.4x | 1.4x | (8.0x) | (13.8x) | |||
| - | - | - | - | - | - | |||
| $2M | ($3M) | 148.5x | - | (97.3x) | - | |||
| - | - | - | - | - | - | |||
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Common questions about EigenLabs
| When was EigenLabs founded? | EigenLabs was founded in 2021. |
| Where is EigenLabs headquartered? | EigenLabs is headquartered in Seattle, WA, United States. |
| Is EigenLabs publicly listed? | No, EigenLabs is a private, VC-backed company. |
| What is EigenLabs' valuation? | EigenLabs was last valued at $250M in its Series A in February 2023. |
| How much funding has EigenLabs raised? | EigenLabs has raised $234M across 4 funding rounds. |
| What was EigenLabs' last funding round? | EigenLabs' last funding round was a $70M undisclosed-stage round in June 2025, led by a16z crypto. |
| Who are EigenLabs' investors? | EigenLabs' investors include a16z crypto, Blockchain Capital, Ambush Capital, TRGC, WAGMI Ventures, Trevor Koverko, Figment Capital and Neel Somani. |
| Which companies are comparable to EigenLabs? | Companies comparable to EigenLabs include 4ARTechnologies AG, Aperture Finance, Beldex, CryptoGPT, Capital B and ProCap Financial. |
| How many companies has EigenLabs acquired? | EigenLabs has acquired 1 company, including Rio Network. |
| How many companies has EigenLabs invested in? | EigenLabs has invested in 2 companies, including GRVT and Curvance. |
| What was EigenLabs' last investment? | In September 2025, EigenLabs invested in GRVT's $19M Series A alongside ZKsync, Further Ventures and 500 Global. |
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