O
Obol
A research and software development team focused on building more resilient and distributed staking infrastructure on public blockchain networks
About Obol
Obol.tech is a startup that operates in the blockchain technology space, specifically focusing on Ethereum validation. The company's primary offering is the Obol Network, an open-source and permissionless platform that utilizes Distributed Validator Technology. This technology allows the duties of an Ethereum validator to be performed across multiple nodes, enhancing resilience and reducing the risk of failure associated with traditional single-node validators.
Obol's clients are primarily those involved in the Ethereum blockchain, including developers, investors, and other stakeholders who require reliable and secure validation services. The company's business model revolves around providing these services and collecting fees, which are then reinvested into the network through retroactive public goods funding. This approach aligns with the company's commitment to regenerative circular economics, aiming to solve long-term problems in the blockchain space.
The company's unique selling point is its commitment to trust minimization. By using advanced technology and cryptography, Obol reduces the need to trust any single staking operator, thereby keeping stake decentralized. This is achieved through the use of Charon, Obol's Distributed Validator client, which coordinates the signing process across multiple validators and reconstitutes partial signatures into an aggregate signature.
In summary, Obol.tech is a forward-thinking startup that is leveraging advanced technology to improve the resilience and trustworthiness of Ethereum validation. The company's commitment to open-source solutions, trust minimization, and circular economics positions it well in the rapidly evolving blockchain market.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2021
- Headquarters
- Ottawa, United States
- Employees
- 28
- Open positions
- None listed
- Dealroom signal
- 63.6/100
- Industry
- Security, Fintech
- Sub-industry
- Crypto and DeFi, Cloud & Infrastructure
- Sector
- Fintech, Hard Tech, DT and LS
- Technology
- Blockchain, Deep Tech
- Business model
- SaaS
- Client focus
- b2b
- Investment activity
- 1 company, latest Feb 2024
- Capital deployed
- $28M
- Preferred round
- SERIES B
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES A✓Equity / VC | Jan 2023 | $13M | $50M | Nascent Ventures · Spartan · Coinbase Ventures · Placeholder | ↗ |
| SEED✓Equity / VC | Oct 2021 | $6.2M | $25M | Ethereal Ventures · Acrylic · Collin Myers · Joseph Lubin | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Obol is 20K monthly website visits, up 227.9% over the last three months. Obol's team declined 20% over the past year.
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed5 investors entered at this stage
Ethereal Ventures
Acrylic- CMCollin Myers
Joseph Lubin
Coinbase Ventures
Series A6 investors entered at this stage
Pantera Capital
Archetype
Nascent Ventures- SPSpartan
Placeholder
BlockTower Capital
Other known investors7 additional known investors
Advanced Blockchain
Ambush Capital
Figment Capital
ID Theory
Maelstrom
StableNode
The Spartan Group
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Obol on X, ranked by likes and reposts, corporate channels excluded.
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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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