# Puffer Finance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/puffer-finance

- Industry: Software
- Headquarters: US
- Website: www.puffer.fi
- Total disclosed funding: $24M
- Latest round: Series A (Apr 16, 2024)
- Investors on record: 37

## About

Based in Kentucky, US, Puffer Finance provides anti-slashing technologies for Ethereum. The firm was co-founded by Amir Forouzani and Jason Vranek. In August 2023 the firm raised USD 5.5 million in seed funding co-led by new investors Lemniscap and Lightspeed Faction, with participation from other investors Brevan Howard Digital, Bankless Ventures, Animoca Ventures, DACM, LBK, SNZ, Canonical Crypto, 33DAO, WAGMI33, and other unspecified and individual investors.

The company offers a secure signer which is designed to minimize the chance of slashing events. The firm anti-slashing technology helps to build a secure, scalable, and performant liquid staking protocol and it can be integrated with technologies like ZK-2FA.

The company plans to use the August 2025 funding to upgrade its protocol and introduce Puffer UniFi AVS.

## Funding rounds

- Series A, Apr 16, 2024, $18M — Brevan Howard, AP Capital, Cherubic Ventures, Franklin Templeton, ConsenSys Ventures, Electric Capital, Coinbase Ventures, Lemniscap, Infinity Stones Inc., LeadBlock Partners, Avon Ventures, GSR, SNZ Capital, Kraken Ventures, LongHash Ventures, Mechanism Capital, Mask Network, Formless Capital, Bas1s. Ventures, Animoca Brands, Canonical Crypto, CoinSummer, Faction, Web3Port, A4X, Everstake Validation Services LLC, Breed VC, SwissBorg S.A., Dewhales Capital, StakeFish Inc., Neuler, Ebunker Technology Ltd
- Seed, Aug 8, 2023, $5.5M — Brevan Howard, Lemniscap, Digital Asset Capital Management, SNZ Capital, Animoca Brands, Canonical Crypto, KuCoin Ventures, Faction, Bankless Ventures, 33DAO, Wagmi33 Foundation

## Investors

- Brevan Howard — Seed, Series A
- Lemniscap — Seed, Series A
- Digital Asset Capital Management (https://capitalatlas.ai/funds/digital-asset-capital-management) — Seed
- SNZ Capital (https://capitalatlas.ai/funds/snz-capital) — Seed, Series A
- Animoca Brands (https://capitalatlas.ai/funds/animoca-brands) — Seed, Series A
- Canonical Crypto (https://capitalatlas.ai/funds/canonical-crypto) — Seed, Series A
- KuCoin Ventures (https://capitalatlas.ai/funds/kucoin-ventures) — Seed
- Faction (https://capitalatlas.ai/funds/faction) — Seed, Series A
- Bankless Ventures (https://capitalatlas.ai/funds/bankless-ventures) — Seed
- 33DAO — Seed
- Wagmi33 Foundation — Seed
- AP Capital — Series A
- Cherubic Ventures (https://capitalatlas.ai/funds/cherubic-ventures) — Series A
- Franklin Templeton (https://capitalatlas.ai/funds/franklin-templeton) — Series A
- ConsenSys Ventures (https://capitalatlas.ai/funds/consensys-ventures) — Series A
- Electric Capital (https://capitalatlas.ai/funds/electric-capital) — Series A
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Series A
- Infinity Stones Inc. — Series A
- LeadBlock Partners (https://capitalatlas.ai/funds/leadblock-partners) — Series A
- Avon Ventures (https://capitalatlas.ai/funds/avon-ventures) — Series A
- GSR — Series A
- Kraken Ventures (https://capitalatlas.ai/funds/kraken-ventures) — Series A
- LongHash Ventures (https://capitalatlas.ai/funds/longhash-ventures) — Series A
- Mechanism Capital (https://capitalatlas.ai/funds/mechanism-capital) — Series A
- Mask Network — Series A
- Formless Capital (https://capitalatlas.ai/funds/formless-capital) — Series A
- Bas1s. Ventures (https://capitalatlas.ai/funds/bas1s-ventures) — Series A
- CoinSummer — Series A
- Web3Port — Series A
- A4X — Series A
- Everstake Validation Services LLC — Series A
- Breed VC (https://capitalatlas.ai/funds/breed-vc) — Series A
- SwissBorg S.A. — Series A
- Dewhales Capital (https://capitalatlas.ai/funds/dewhales-capital) — Series A
- StakeFish Inc. — Series A
- Neuler — Series A
- Ebunker Technology Ltd — Series A