Finoa, a crypto custody and staking service provider, announced the completion of $15 million in financing, led by Maven 11 Capital and Balderton Capital, with participation from Blue Bay Ventures, Signature Ventures, Coparion and Venture Stars. It is reported that the staking business now accounts for nearly 60% of Finoa’s total revenue. The company supports over 10 blockchains and is the third largest validator of the modular blockchain Celestia. (The Block)
According to previous news, in April 21, Finoa completed a $22 million Series A financing, led by Balderton Capital, with participation from existing investors Coparion, Venture Stars, Signature Ventures and an undisclosed investor.