TLDR:
- Haun Ventures led a Series A round for Chaos Labs, totaling $55 million
- Chaos Labs aims to empower decentralized applications with contextualized data for improved risk management
Diogo Mónica of Haun Ventures spoke about the importance of onchain risk management and the innovative risk oracles being developed by Chaos Labs. The firm is utilized by 20 protocols, including Jupiter and Aave. Mónica noted a slowdown in L1s and L2s in the broader crypto space but emphasized the conviction of founders in the industry.
Other notable funding rounds included Sahara Labs raising $43 million, Parfin securing $10 million in a Series A round, and Holonym Foundation receiving $5.5 million in a seed round. Orderly Network and Kem also announced strategic investments.
Full Article:
The recent funding roundup features Haun Ventures leading a Series A round for Chaos Labs, a firm specializing in onchain risk management. The $55 million round saw participation from PayPal Ventures, Wintermute Ventures, and Coinbase Ventures. Diogo Mónica, a security engineer and co-founder of Anchorage who recently joined Haun Ventures, expressed his excitement about the deal, emphasizing the importance of backend risk management in on-chain finance.
Chaos Labs aims to empower decentralized applications with contextualized data for improved risk management. Mónica highlighted the innovative risk oracles being developed by Chaos Labs and noted that the firm is currently utilized by 20 protocols, including Jupiter and Aave. He also discussed a perceived slowdown in the L1s and L2s within the broader crypto space but expressed confidence in the industry’s continued innovation and creativity.
In addition to the Chaos Labs round, other notable funding announcements included Sahara Labs raising $43 million, Parfin securing $10 million in a Series A round, and Holonym Foundation receiving $5.5 million in a seed round. Orderly Network and Kem also announced strategic investments, contributing to the ongoing growth and development within the cryptocurrency and blockchain ecosystem.
