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Puffer Finance, an Ethereum liquid repurchase protocol operating on EigenLayer, has successfully completed its Series A funding round, raising $18 million. The funding round was jointly led by Brevan Howard Digital and Electric Capital.
This round, conducted through the Simple Agreement for Future Tokens (SAFT), brings Puffer’s token valuation to an impressive $200 million, according to co-founder Amir Forouzani.
Among those who joined Brevan Howard Digital and Electric Capital as investors were important names such as Coinbase Ventures, Kraken Ventures, Franklin Templeton, Fidelity, Mechanism Capital, Lightspeed Faction, ConsenSys, Animoca, GSR and Lemniscap. Additionally, notable angel investors also participated in the round, including Polygon co-founder Sandeep Nailwal, Wormhole co-founder Anthony Ramirez, AltLayer co-founder Yaoqi Jia, and Pendle Finance lead participant Anton Buenavista.
This Series A funding round follows a previous investment from Binance Labs earlier this year. Puffer Finance also funded a $5.5 million seed round last year, followed by a $650,000 seed round.
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