PANews reported on November 28 that according to The Block, institutional staking platform Klin has completed 17 million euros (about 17.6 million U.S. dollars) in equity financing in October, led by Blockdaemon and Illuminate Financial, and participated by ConsenSys, GSR, LeadBlock Partners, Sparkle Ventures, Alven, Blue Yard Capital and Kraken's venture capital department. Valuation information was not disclosed.
Earlier in May, Kiln completed a US$5 million financing round, with a16z board partners and others participating in the investment.