What is Stride?
Founded in 2020 and headquartered in New York, New York, Stride operates as a multichain liquid staking protocol. The company aims to enhance the utility and accessibility of staked cryptocurrencies across various blockchain networks. By enabling users to retain liquidity while staking their assets, Stride addresses a key challenge in the decentralized finance (DeFi) ecosystem, positioning itself for substantial growth in the enterprise-level crypto market.
How much funding has Stride raised?
Stride has raised a total of $6.7M across 1 funding round:
Angel/Seed
$6.7M
Angel/Seed (2022): $6.7M with participation from Pantera Capital, North Island Ventures, and Distributed Global
Key Investors in Stride
Pantera Capital
Pantera Capital is a blockchain focused investment firm that backs founders and digital asset networks, combining venture and hedge strategies to give investors broad exposure to cryptocurrencies, token projects and companies shaping future financial infrastructure.
North Island Ventures
North Island Ventures is a crypto investment firm that focuses on providing visionary founders with capital, conviction, and lasting support. The firm aims to empower entrepreneurs in the cryptocurrency space by investing in innovative projects. Their services include financial backing and strategic guidance to help startups thrive. North Island Ventures targets founders and companies within the crypto industry.
Distributed Global
Distributed Global is an investment firm that specializes in the blockchain and digital asset ecosystem. The firm aims to support and invest in innovative projects within this emerging sector. Its primary clientele includes entrepreneurs and companies seeking funding and expertise in blockchain technology. Distributed Global is positioned to leverage opportunities in the rapidly evolving digital asset landscape.
What's next for Stride?
The recent major strategic investment signals a pivotal moment for Stride, likely indicating a transition from its initial development phase towards a scaling and market expansion strategy. This capital infusion is expected to fuel product development, bolster marketing efforts, and forge new partnerships within the blockchain industry. Stride's focus on multichain interoperability and liquid staking positions it to capitalize on the increasing institutional interest in digital assets and decentralized finance solutions.
See full Stride company page
