About Kelp DAO
Kelp DAO is a Technology company based in Bengaluru (India) founded in 2023 by Dheeraj Borra and Amitej Gajjala. It operates in the Technology and Financial Services sectors. Kelp DAO was last valued at $90 million in May 2024. Kelp DAO offers products and services including Restake and Gain. Its focus areas include FinTech, Cryptocurrencies, Mining and Pool Mining. Its competitors include CyberConnect, Lido, Stader, Kiln and RockX and 5 more; 10 of its 10 listed competitors have raised funding.
Company details
DAO-based cryptocurrency staking platform. It offers liquid restaking services with rsETH. It allows users to access restaking rewards along with liquidity without any lock-up for restaked tokens. Users can restake digital assets, mint rsETH, and earn rewards through the liquid restaking dashboard.
- Headquarters Bengaluru, India
- Founders Dheeraj Borra, Amitej Gajjala
- Stage Minicorn
- SectorsTechnologyFinancial Services
- Website kelpdao.xyz
- Social X
- Legal Name Kelp Dao
- Latest Funding Round$9M (USD), Token Sale
May 2024
- InvestorsBankless Ventures
& 11 more
Products & Services of Kelp DAO
Kelp DAO offers a comprehensive portfolio of products and services, including Restake and Gain.
Platform for depositing ETH to earn rewards and points via DeFi.
Service for maximizing earnings through DeFi opportunities on multiple networks.
Funding Insights of Kelp DAO
- Total Rounds 1
- Last Round Token Sale — $9M
- First Round $9M
(May 2024)
- Investors Count 12
All 1 funding rounds of Kelp DAO with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2024 | $9M | Token Sale | $90M | – |
| Date | Valuation | Stage |
|---|---|---|
| May 2024 | $90M | •••••••• |
Last known valuation $90M (May 2024). 12 investors in total: 8 institutional and 4 angel.
Investors in Kelp DAO
Kelp DAO has secured backing from 12 investors, including venture fund and angel investors. Prominent investors backing the company include Bankless Ventures, Hypersphere Capital and Draper Dragon.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Bankless Ventures is focused on investing in Web3 pioneers. | – | bankless.ventures | - | |
Hypersphere Capital is focused on crypto-native investment opportunities. | 2020 | hypersphere.ventures | - | |
Early-stage centric VC firm funding companies in the US and China | – | draperdragon.com | Shanghai, China | |
Professionally managed digital asset investment funds are provided to investors. | – | dacm.io | Road Town, British Virgin Islands | |
Early-stage venture capital investments in digital assets are provided. | – | cyphercapital.com | Dubai, United Arab Emirates | |
Early-stage tech startups are invested in by GSR Ventures. | – | gsrventuresglobal.com | Beijing, China | |
- | – | htx.ventures | - | |
Venture capital firm investing in web3 technology startups | – | dwf-labs.com | Singapore, Singapore | |
SM Scott Moore | Angel investor and entrepreneur, co-founder of Gitcoin, active in Web3 and crypto. | – | unknown_8bdb781e05284e708 | - |
MZ Marc Zeller | - | – | unknown_9f8e2b57ceed45579 | - |
Investor details for Kelp DAO
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
People of Kelp DAO
4 people are tracked at Kelp DAO (4 in leadership).
| Name | Role | Group |
|---|---|---|
Dheeraj Borra | Co-Founder | Leadership |
Amitej Gajjala | Co-Founder | Leadership |
Antonio M. | Head Of Ecosystem & Growth | Leadership |
Archana B. | Head Of Marketing | Leadership |
Complete people profiles for Kelp DAO
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Timeline of Kelp DAO
3 dated milestones of Kelp DAO across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Kelp DAO is founded.
- Funding First funding round of $9.0M.
- Milestone Reaches Minicorn status.
Competitors of Kelp DAO
Kelp DAO has 10 listed competitors in our database, 10 of them funded. They include CyberConnect, Lido, Stader, Kiln and RockX, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| cyberconnect.me | 2021 | Palo Alto, United States | $25M | – | Web3 social network platform | |
| lido.fi | 2020 | Finland | $72M | 922 | Non-custodial staking for Ethereum and other cryptocurrencies is facilitated. | |
| staderlabs.com | 2021 | Singapore | $16.5M | – | Staking solutions for cryptocurrencies are provided via an online platform. | |
| kiln.fi | 2022 | Paris, France | $39.66M | – | Provider of cryptocurrency staking solutions | |
| rockx.com | 2019 | Singapore | $6M | – | Digital staking solutions for cryptocurrencie | |
| ether.fi | 2022 | George Town, Cayman Islands | $32.3M | – | Liquid staking protocol | |
| stakewith.us | 2019 | Singapore | $595,167 | – | Staking platform for cryptocurrency | |
| eigenlayer.xyz | 2021 | Seattle, United States | $241.23M | 36 | Platform offering a set of smart contracts on Ethereum | |
| xend.finance | 2019 | Lagos, Nigeria | $2M | – | DeFi savings are enabled for credit unions and cooperatives. | |
| solv.finance | 2021 | Beijing, China | $26M | – | Blockchain-based network for financial institutions |
Detailed competitors of Kelp DAO
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Kelp DAO
The website of Kelp DAO (kelpdao.xyz) receives about 2.2K visits a month.
- Monthly visits2.2K
Websites whose visitors overlap most with Kelp DAO. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| kerneldao.com | 100% | 10.6K | #1,990,087 | View details |
Top companies in Blockchain & Decentralized Infrastructure
10 companies that operate in the same segment as Kelp DAO (Blockchain & Decentralized Infrastructure), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Terraform Labs is engaged in blockchain technology development. | 2018 | Singapore, Singapore | USD 57 M | – | – | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, Ile de France, France | USD 575.4 M | – | 802 | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 217 | |
Developer of blockchain and web3 software platform | 2014 | Fort Worth, Texas, United States | USD 725 M | – | 708 | |
Public blockchain network platform | 2017 | Zug, Zug, Switzerland | USD 542.29 M | – | – | |
Scalable blockchain interoperability protocols are developed for enhanced network security. | 2017 | George Town, Cayman Islands | USD 450.75 M | – | – | |
Blockchain-based PC and mobile games are developed and published. | 2006 | Kowloon, Hong Kong, China | USD 997.58 M | USD 101.34 M | 307 | |
Protocols for blockchain-based solutions are provided by Aptos. | 2021 | Palo Alto, California, United States | USD 350 M | – | 166 | |
Cloud-based blockchain platform for application development is provided. | 2013 | San Francisco, California, United States | USD 563.9 M | – | 366 | |
Blockchain-based fantasy sports marketplace is provided for multiple sports. | 2018 | Saint-mande, Val-de-marne, France | USD 738.84 M | – | 151 |
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Related news about Kelp Dao
Complete news archive for Kelp DAO
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Frequently Asked Questions about Kelp DAO
Kelp DAO was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Kelp DAO is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
DAO-based cryptocurrency staking platform. It offers liquid restaking services with rsETH. It allows users to access restaking rewards along with liquidity without any lock-up for restaked tokens. Users can restake digital assets, mint rsETH, and earn rewards through the liquid restaking dashboard.
Kelp DAO's top competitors include Lido, Kiln and EigenLayer.
Kelp DAO offers Restake and Gain.
Kelp DAO has 12 investors. Key investors include Bankless Ventures, Hypersphere Capital, Draper Dragon, Digital Asset Capital Management, and Cypher Capital.
The valuation of Kelp DAO is $90M as of May 2024.
Kelp DAO operates through Kelp Dao.