# Renzo Protocol

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/renzo-protocol

- Industry: Software
- Total disclosed funding: $3.2M
- Latest round: Seed (Jan 15, 2024)
- Investors on record: 12

## About

Established in 2023, RestakeX Ventures Ltd., trading under the name Renzo Protocol, operates as a DeFi Liquid Restaking Protocol that allows users to re-stake ETH and bypass Eigenlayer Liquid Staking Tokens caps. In January 2024, Renzo Protocol raised USD 3.2 million in seed funding led by Maven11 Capital, with participation from OKX Ventures, Figment VC, SevenX Ventures, etc.

Renzo is a Liquid Restaking Token (LRT) and Strategy Manager built for EigenLayer, acting as an interface to the ecosystem. It secures Actively Validated Services (AVSs) and generates a larger payout than regular ETH staking. The company's protocol simplifies user interactions by eliminating complexity and facilitating collaboration between users and EigenLayer node operators.

The company plans to use the January 2024 funding to further develop its liquid restaking technique, which was just made available on EigenLayer.

## Funding rounds

- Seed, Jan 15, 2024, $3.2M — Robot Ventures, Maven11 Capital, BitScale Capital, IOSG Ventures, SevenX Ventures, Figment Capital, Re7 Capital, Protagonist, Karatage, OKX Ventures, Bodhi Ventures, Paper Ventures

## Investors

- Robot Ventures (https://capitalatlas.ai/funds/robot-ventures) — Seed
- Maven11 Capital (https://capitalatlas.ai/funds/maven11-capital) — Seed
- BitScale Capital — Seed
- IOSG Ventures (https://capitalatlas.ai/funds/iosg-ventures) — Seed
- SevenX Ventures (https://capitalatlas.ai/funds/sevenx-ventures) — Seed
- Figment Capital (https://capitalatlas.ai/funds/figment-capital) — Seed
- Re7 Capital (https://capitalatlas.ai/funds/re7-capital) — Seed
- Protagonist (https://capitalatlas.ai/funds/protagonist) — Seed
- Karatage (https://capitalatlas.ai/funds/karatage) — Seed
- OKX Ventures (https://capitalatlas.ai/funds/okx-ventures) — Seed
- Bodhi Ventures (https://capitalatlas.ai/funds/bodhi-ventures) — Seed
- Paper Ventures (https://capitalatlas.ai/funds/paper-ventures) — Seed