Puffer, a liquidity re-staking protocol, announced that it has successfully completed its Series A funding round, raising a total of $18 million. The round was led by Brevan Howard Digital and Electric Capital, with other investors including Coinbase Ventures, Kraken Ventures, Lemniscap, Franklin Templeton, Fidelity, Mechanism, Lightspeed Faction, Consensys, Animoca and GSR. The new funds will be used to support the launch of the Puffer mainnet. Previously, Puffer raised $5.5 million in a round of financing co-led by Lemniscap and Lightspeed Faction.
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