TLDR:
- New York crypto startup Chaos Labs raises $55 million in Series A funding led by Haun Ventures
- Chaos Labs focuses on on-chain risk management tools to address the growing demand in decentralized finance (DeFi)
Chaos Labs, a New York-based crypto startup, has secured $55 million in a Series A funding round led by venture capital firm Haun Ventures. The company, founded in 2021, is known for its suite of on-chain risk management tools that cater to the increasing need for automated risk management in the DeFi space. The funding will support Chaos Labs in expanding its platform to better serve its rapidly growing customer base, which includes protocols like Aave, GMX, and Jupiter.
The funding round attracted a mix of both new and existing investors, with participation from F-Prime Capital, Slow Ventures, Spartan Capital, Lightspeed Venture Partners, Galaxy Ventures, PayPal Ventures, and notable angel investors like Solana’s Anatoly Yakovenko and Phantom’s Francesco Agosti. As DeFi platforms gain popularity, the need for effective risk management tools becomes more crucial, especially in a space susceptible to market volatility.
Chaos Labs aims to address these challenges by offering real-time data, risk assessment tools, and automation to help DeFi platforms adapt quickly to changing market conditions. By providing dashboards, data oracles, risk alerts, and other tools, Chaos Labs seeks to improve the responsiveness of DeFi platforms while minimizing the potential for human error in risk management processes. Through its innovative approach, Chaos Labs is positioned as a key player in driving advancements in on-chain risk management within the DeFi ecosystem.
