Chaos Labs Secures $55M in Series A Funding Led by Haun Ventures to Enhance Onchain Economic Security

Date – 16-Aug-2024

Chaos Labs Raises $55M in Series A Funding Led by Haun Ventures to Expand Onchain Economic Security

Chaos Labs, a leader in onchain risk management, has announced a $55 million Series A funding round led by Haun Ventures. The funding will be used to scale onchain economic security and accelerate the development of Chaos Labs’ innovative risk management platform. This round attracted notable new investors including F-Prime Capital, Slow Ventures, Spartan Capital, and others, joining existing backers such as Lightspeed Venture Partners, Galaxy Ventures, Wintermute Ventures, PayPal Ventures, General Catalyst, Bessemer Venture Partners, and Coinbase Ventures. Strategic angel investors involved in the round include Kevin Weil (OpenAI CPO), Michael Shaulov (Fireblocks CEO), Anatoly Yakovenko (Solana CEO), Francesco Agosti (Phantom CTO), and Anton Katz (Talos CEO).

With this investment, Chaos Labs plans to enhance its platform, which features advanced observability tools, innovative risk oracles, and real-time parameter recommendations. The funding marks the first Series A investment led by Diogo Mónica, General Partner at Haun Ventures. Mónica praised Chaos Labs for its rapid growth and the quality of its products, noting the increasing need for top-tier risk management tools designed specifically for blockchain technology.

“We are excited to partner with Chaos Labs as they continue to advance the industry’s risk management capabilities,” Mónica said. “Their focus and vision have reinforced our confidence in their ability to support and grow the blockchain space.”

Over the past year, Chaos Labs has tripled its customer base, with over 20 protocols, including Aave, GMX, and Jupiter, relying on its technology. Chaos Labs has secured $860 billion in cumulative trading volume, $25 billion in loans, and $35 million in incentives.

“Partnering with Haun Ventures and our existing investors is a significant step forward for Chaos Labs,” said Omer Goldberg, Founder and CEO of Chaos Labs. “Our goal has always been to provide high-quality data to inform risk management. With the volatility of crypto assets, DeFi applications need dynamic data infrastructure to remain competitive.”

Chaos Labs’ technology is increasingly sought after by industry giants such as Chainlink and LayerZero for research and risk management, validating the team’s belief in the need for sophisticated and integrated data solutions.

“By merging offchain market data with dynamic risk parameter adjustments, we aim to provide a more responsive and accurate risk management solution,” Goldberg added. “This new technology will enhance our platform and offer real-time updates reflecting current market conditions.”

As decentralized finance applications currently rely on manual risk management and static data, Chaos Labs is positioning itself to close the gap with centralized finance counterparts, where risk engines are built on top of live market data feeds.

“We are advancing to match our CeFi counterparts, and this is the direction the industry is heading,” Goldberg concluded.