Chaos Labs has announced the successful completion of a $55 million Series A funding round, led by Haun Ventures, to enhance its onchain risk management capabilities. The funding attracted a diverse group of new investors, including F-Prime Capital and Slow Ventures, as well as existing backers such as Lightspeed Venture Partners and PayPal Ventures. This significant investment highlights the growing demand for advanced risk management tools in the rapidly evolving onchain finance sector.
The investment is particularly notable as it marks the first round led by Diogo Mónica, General Partner at Haun Ventures, who praised Chaos Labs for its rapid growth and strong product-market fit despite volatile market conditions. Mónica emphasized the increasing need for high-quality risk management tools tailored specifically for blockchain applications, signaling confidence in Chaos Labs’ approach to addressing this crucial aspect of the industry.
Chaos Labs has already seen impressive growth, tripling its customer base over the past year, with more than 20 protocols, including Aave and GMX, relying on its technology to secure and monitor their products. The platform has managed to secure significant trading volumes and loans, reinforcing its position as a trusted provider of risk management solutions in the decentralized finance space.
The company aims to empower decentralized applications with sophisticated, contextualized data to improve risk management and enhance economic security. Founder and CEO Omer Goldberg expressed his excitement about the partnership with Haun Ventures, highlighting the need for dynamic data infrastructure in the volatile crypto market. As the decentralized finance landscape matures, Chaos Labs seeks to deliver innovative products that merge offchain market data with onchain risk, ultimately enabling real-time adjustments and improving the overall integrity of DeFi applications.
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