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 Alluvial, a software development company behind liquid staking protocol <a target="_blank" href="https://tokeninsight.com/en/coins/liquid-staked-ethereum/overview" rel="noopener noreferrer nofollow">Liquid Collective</a>, announced it has raised $12 million in a Series A funding round co-led by <a target="_blank" href="https://tokeninsight.com/en/capitals/ethereal-ventures" rel="noopener noreferrer nofollow">Ethereal Ventures</a> and <a target="_blank" href="https://tokeninsight.com/en/capitals/variant" rel="noopener noreferrer nofollow">Variant</a>, with participation from Brevan Howard Digital, Avon Ventures, <a target="_blank" href="https://tokeninsight.com/en/capitals/nascent" rel="noopener noreferrer nofollow">Nascent Capital</a>, a_capital, Robot Ventures, <a target="_blank" href="https://tokeninsight.com/en/capitals/fenbushi-capital" rel="noopener noreferrer nofollow">Fenbushi</a>, <a target="_blank" href="https://tokeninsight.com/en/capitals/iosg-ventures" rel="noopener noreferrer nofollow">IOSG</a>, Blockdaemon and others. The funds raised will be used to further Liquid Collective to enable mainstream adoption of liquid staking on a global scale. 
 Liquid Collective is an enterprise-grade liquid staking protocol that went live in March. It aims to meet the needs of institutions for <a target="_blank" href="https://tokeninsight.com/en/coins/ethereum/overview" rel="noopener noreferrer nofollow">$ETH </a>staking. Its backers include <a target="_blank" href="https://tokeninsight.com/en/exchanges/coinbase" rel="noopener noreferrer nofollow">Coinbase</a>, Bitcoin Suisse, Kiln and more. 
 Previously, Alluvial raised $6.2 million in a seed funding round with participation from Coinbase Ventures, Kraken and others. 
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Alluvial, Developer of Liquid Staking Protocol Liquid Collective, Raises $12M in Series A Round

TokenInsight

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