Alluvial Raises Total Funding to $22.5M to Meet Institutional Demand and Expand Support For Liquid Collective
New $4.3M strategic raise aimed to boost product development and expansion to meet growing ETF and global institutional demand.
Alluvial, a software development company supporting the staking standard Liquid Collective, has successfully raised strategic capital from market-leading investors, bringing total funding to $22.5M. The latest $4.3M financing, led by Variant, with participation from Ethereal Ventures, Brevan Howard Digital, F-Prime Capital (the venture capital firm affiliated with FMR, LLC, the parent company of Fidelity Investments), Nascent, and others, aims to catalyze the development of purpose-built, open and configurable solutions to accelerate adoption within a growing institutional staking market.
In 2022, Alluvial raised $6.3M in seed funding from industry leaders including Coinbase, Kraken, and Figment, competitors who each recognized the collective potential of developing a trusted and interoperable staking standard. As part of a $12M Series A in 2023, Alluvial extended its support to include household names in the financial sector, solidifying its position as a leader in next-generation staking technology and expanding support for the development of the Liquid Collective.
Liquid Collective is the trusted and secure staking standard: designed to meet the needs of enterprises, built and supported by a broad and dispersed collective of industry leaders. Today, Liquid Collective is one of the fastest-growing protocols on Ethereum, with over $374M in TVL and 360% growth in the last year, and support across 13 market-leading platforms including Coinbase, Anchorage, Fireblocks, BitGo, Blockdaemon and others. Liquid Collective’s liquid staking tokens (LsTokens), including Liquid Staked ETH (LsETH), are onchain receipts representing staked tokens plus accrued network rewards. LsTokens including LsETH are open, interoperable, and accessible across leading platforms.
“Alluvial is committed to contributing to Liquid Collective’s network of market leaders to develop robust and open staking solutions that confidently bridge institutions into the onchain world,” said Mara Schmiedt, Alluvial CEO & Co-Founder. “The rapid growth of institutional staking marks a pivotal opportunity, and our investors share this vision and commitment to drive mainstream adoption forward.”
"Staking is poised to become one of the largest opportunities in crypto, and as institutions prepare to enter this space (as demonstrated by recent ETF approvals), a robust, compliance-focused staking solution will be essential to meet their needs," said Jesse Walden, Managing Partner at Variant. "Alluvial’s exceptional team brings unparalleled expertise and has consistently demonstrated its ability to meet the complex needs of institutional clients."
“Alluvial’s leadership and support in developing the Liquid Collective staking standard are essential in addressing institutional needs for compliant, high-performance staking,” said Min Teo, Managing Partner at Ethereal Ventures. “We believe they're uniquely positioned to lead the institutional liquid staking market, and we’re proud to continue supporting them."
This new round speaks to the surging demand for institutional-grade staking solutions that meet the compliance needs of asset managers, ETFs and other financial institutions, as the prospect of a new regulatory environment in the US becomes apparent following the elections and regulatory tailwinds pave the way for broader staking adoption.
With over $60bn in inflows to Bitcoin and Ethereum ETFs over the last year, and staking approvals in key jurisdictions, staking is entering a new phase—one defined by higher security, transparency, performance, and interoperability between onchain solutions and traditional financial markets.
Strategic Round Investors
- Variant
- Road Capital
- Arche Capital
- Ethereal Ventures
- F-Prime Capital
- Nascent
- Brevan Howard Digital
- TrueBridge Capital
About Alluvial
Alluvial is a software development company offering a suite of enterprise-grade staking products and services. We’re focused on enabling mainstream adoption and participation in proof of stake blockchains.
alluvial.finance
About Liquid Collective
Liquid Collective is the trusted and secure staking standard: designed to meet the needs of enterprises, built and supported by a broad and dispersed collective of industry leaders.
liquidcollective.io
Please note
Liquid staking via the Liquid Collective protocol and using LsETH involves significant risks. You should not enter into any transactions or otherwise engage with the protocol or LsETH unless you fully understand such risks and have independently determined that such transactions are appropriate for you.
Any discussion of the risks contained herein should not be considered to be a disclosure of all risks or a complete discussion of the risks that are mentioned. The material contained herein is not and should not be construed as financial, legal, regulatory, tax, or accounting advice.