Venture Capital
Kiln, an Ethereum staking-as-a-service startup, announced the closure of its Series A funding round on Monday, raising €17 million ($17.6 million). It will utilize the proceeds to broaden the current staking product range and infrastructure.The newest financing round was led by Illuminate Financial with the participation of many cryptos investing entities, including Kraken Ventures, ConsenSys, XBTO and current investors, including 3KVC, SV Angel or Blue Yard Capital.According to the press release, Kiln is currently holding over $500 million of assets staked under management.