<div>
  <p>
  </p>
  <ul>
    <li>
      <p>
        Kiln, a DeFi staking infrastructure platform, has secured USD 17 million in new funding led by 1kx, with participation from IOSG, Crypto.com, Wintermute Ventures, KXVC, LBank, and existing investors. This round brings the company's total funding to almost USD 40 million.
      </p>
    </li>
    <li>
      <p>
        The company plans to use the funds to bolster its global expansion plans, particularly the growth of its APAC division via a new office in Singapore. Additionally, the company plans to invest in further product development by expanding its platform to support various reward mechanisms within DeFi.
      </p>
    </li>
    <li>
      <p>
        <b>Analyst QuickTake:</b>
         Cryptocurrency staking has seen growing investor interest in the last few months as a number of startups have begun to raise funding. These include Renzo and 
        <a href="https://sp-edge.com/companies/744055">
          Finoa
        </a>
        , which raised 
        <a href="https://sp-edge.com/updates/25539">
          USD 3.2 million
        </a>
         and 
        <a href="https://sp-edge.com/updates/25540">
          USD 15 million
        </a>
        , respectively, during the past week, and 
        <a href="https://sp-edge.com/companies/1930376">
          Babylon
        </a>
        , which raised 
        <a href="https://sp-edge.com/updates/24745">
          USD 18 million
        </a>
         last month. Kiln aims to differentiate itself by offering validator-agnostic products that enable digital assets to be staked wherever they are held.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.theblock.co/post/273329/kiln-staking-funding-round">
      Press release
    </a>
  </p>
  <p>
    <a href="https://www.coindesk.com/business/2024/01/18/ethereum-staking-platform-kiln-raises-17m-for-global-expansion/">
      Coindesk
    </a>
  </p>
  <p>
    <a href="https://www.theblock.co/post/273329/kiln-staking-funding-round">
      The Block
    </a>
  </p>
  <p>
  </p>
</div>


Decentralized Finance (DeFi)

ANALYST_QUICK_TAKE

<div>
 <p>Kiln, a DeFi staking infrastructure platform, has raised USD 17 million in a funding round led by investors such as 1kx, IOSG and Crypto.com, bringing its total funding to approximately USD 40 million. The company plans to use the funds for global expansion, particularly in the Asia-Pacific region through a new Singapore office. Additionally, the funds will be used to further product development and expand the platform's support for reward mechanisms in the DeFi sector.</p>
</div> <p><b>Analyst QuickTake:</b> Cryptocurrency staking has seen growing investor interest in the last few months as a number of startups have begun to raise funding. These include Renzo and <a href="https://sp-edge.com/companies/744055"> Finoa </a> , which raised <a href="https://sp-edge.com/updates/25539"> USD 3.2 million </a> and <a href="https://sp-edge.com/updates/25540"> USD 15 million </a> , respectively, during the past week, and <a href="https://sp-edge.com/companies/1930376"> Babylon </a> , which raised <a href="https://sp-edge.com/updates/24745"> USD 18 million </a> last month. Kiln aims to differentiate itself by offering validator-agnostic products that enable digital assets to be staked wherever they are held.</p>

All Updates

Kiln raises USD 17 million in funding

Kiln raises EUR 17 million in Series A funding