# ClayStack

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/claystack

- Industry: Financial Services
- Headquarters: Singapore
- Website: www.claystack.com
- Total disclosed funding: $5.2M
- Latest round: Seed (Jul 13, 2021)
- Investors on record: 13

## About

Founded in 2020 and based in Singapore, ClayStack is a crypto staking platform that allows users to stake their tokens while also participating in the DeFi ecosystem. Mohak Agarwal is the founder and current CEO of the company. In July 2021, the company secured USD 5.2 million in seed funding from several prominent blockchain investor funds, putting it on course to introduce innovations to proof-of-stake (Pos) mechanisms.

The platform opts for a novel approach towards staking and makes use of relayers and oracles to ensure that interchain communication is possible with any blockchain. Users will be able to directly mint the comparable derivative token on the Ethereum chain when they deposit tokens to ClayStack smart contracts.

The company plans to release the alpha version of its staking protocol in the third quarter of 2021.

## Funding rounds

- Seed, Jul 13, 2021, $5.2M — The Spartan Group, Animoca Brands Corporation Limited, Coinbase Ventures, Hashed Ventures, LedgerPrime, Solana Labs, Inc., Hypersphere Ventures, Republic Capital, DeFiance Capital, The LAO, CoinFund Management, Genblock Capital, ParaFi Capital

## Investors

- The Spartan Group — Seed
- Animoca Brands Corporation Limited — Seed
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Seed
- Hashed Ventures (https://capitalatlas.ai/funds/hashed-ventures) — Seed
- LedgerPrime — Seed
- Solana Labs, Inc. — Seed
- Hypersphere Ventures (https://capitalatlas.ai/funds/hypersphere-ventures) — Seed
- Republic Capital (https://capitalatlas.ai/funds/republic-capital) — Seed
- DeFiance Capital — Seed
- The LAO (https://capitalatlas.ai/funds/the-lao) — Seed
- CoinFund Management (https://capitalatlas.ai/funds/coinfund-management) — Seed
- Genblock Capital (https://capitalatlas.ai/funds/genblock-capital) — Seed
- ParaFi Capital (https://capitalatlas.ai/funds/parafi-capital) — Seed