Kiln, a Paris, France-based provider of an enterprise-grade staking platform, closed a $17m funding round.
The round was led by 1kx, with participation from IOSG, Crypto.com, Wintermute Ventures, KXVC, LBank and existing investors.
The company intends to use the funds to accelerate its global expansion, including the growth of its APAC division through the opening of its APAC Headquarters in Singapore in Q1 2024, as well as further product development by expanding its platform to encompass various reward mechanisms within DeFi.
Led by CEO Laszlo Szabo, Kiln provides an enterprise-grade staking platform, enabling institutional customers to stake assets, and to whitelabel staking functionality into their offering. It also provides a validator-agnostic suite of products for fully automated deployment of validators, reporting and commission management, enabling custodians, wallets and exchanges to streamline staking operations across providers.
Since its launch, Kiln has raised a total of $35m from investors across various crypto investing groups, including Illuminate Financial, Kraken Ventures, Avon Ventures, Consensys, GSR, Leadblock Partners, Sparkle Ventures, XBTO and participation from existing investors 3KVC, Blue Yard Capital, SV Angel and Alven among others.
Kiln is SOC2 Type 2 certified.
FinSMEs
18/01/2024