Crypto Custodian and Staking Service Provider Finoa Raised $15M, Led by Maven 11 Capital and Balderton Capital

Germany crypto custodian and staking services provider Finoa raised $15 million in a strategic funding round co-led by Maven 11 Capital and Balderton Capital. Other investors in the round included Blue Bay Ventures, Signature Ventures, Coparion, and Venture Stars.

Finoa was founded in 2018 by Christopher May and Henrik Gebbing with the vision to become the gateway for institutions to engage with the crypto-asset ecosystem.

Finoa supports over ten blockchains for staking and is the 3rd largest validator for modular blockchain Celestia. Finoa Consensus Services, the staking unit of Finoa, has attracted more than 500 million euros in assets. The firm recently also launched a new service that allows clients to access DeFi via its custodial wallet infrastructure, FinoaConnect.