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GoGoPool - About the company

GoGoPool is a seed company based in Akron (United States), founded in 2014. It operates as a Decentralized staking protocol for Avalanche subnets. GoGoPool has raised $5M in funding from CoinFund and Framework Ventures. The company has 90 active competitors, including 20 funded and 2 that have exited. Its top competitors include companies like Lido, CyberConnect and EigenLayer.

Company Details

Decentralized staking protocol for Avalanche subnets. The platform has two users node operators and liquid stakers. By using GCP token node operators can launch new validator nodes with liquid staking funds, and earn AVAX and GGP rewards. By restaking GGP rewards node operators request delegation from the liquid staking pool, increasing their overall yield. The liquid stakers deposit AVAX and receive ggAVAX. The ggAVAX represents the deposited AVAX and any rewards accrued, and can be used across DeFi apps to generate yield.
Social
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Key Metrics
Founded Year
2014
Location
Stage
Seed
Total Funding
$5M in 2 rounds
Latest Funding Round
Investors
Ranked
Investment & Acquisitions
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GoGoPool's funding and investors

GoGoPool has raised a total funding of $5M over 2 rounds. Its first funding round was on Sep 02, 2022. GoGoPool has 12 institutional investors.

Here is the list of recent funding rounds of GoGoPool:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Apr 26, 2023
4937929
ICO
5004671
9431620
6013792
2460851
Sep 02, 2022
6293301
Seed
1962517
1728852
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GoGoPool's Competitors and alternates

Top competitors of GoGoPool include Lido, CyberConnect and EigenLayer. Here is the list of Top 10 competitors of GoGoPool, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Lido
Lido
2020, Finland, Series A
Non-custodial staking solution for cryptocurrencies
$72M
63/100
2nd
Logo for CyberConnect
CyberConnect
2021, Palo Alto (United States), Series A
Web3 social network platform
$25M
62/100
3rd
Logo for EigenLayer
EigenLayer
2021, Seattle (United States), Series B
Provider of verifiable cloud computing platform
$241M
62/100
4th
Logo for P2P
P2P
2018, George Town (Cayman Islands), Series A
Provider of a non-custodial staking platform for cryptocurrencies
$23M
60/100
5th
Logo for Babylon Labs
Babylon Labs
2022, Palo Alto (United States), Series B
Blockchain-based platform offering security-sharing protocols
$15M
53/100
6th
Logo for Jito Labs
Jito Labs
2021, United States, Series A
Software for validators to earn more rewards with mining
$12.1M
49/100
7th
Logo for Stargate
Stargate
2021, Switzerland, Acquired
Online composable liquidity transport protocol
-
49/100
8th
Logo for Stakin
Stakin
2005, Tallinn (Estonia), Funding Raised
Online platform offering infrastructure for public PoS blockchain networks
-
-
47/100
9th
Cryptocurrency restaking protocol platform
-
45/100
10th
Provider of blockchain ecosystem offering staking solutions
$5M
 
42/100
13th
Logo for GoGoPool
GoGoPool
2014, Akron (United States), Seed
Decentralized staking protocol for Avalanche subnets
$5M
36/100
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GoGoPool's Investments and acquisitions

GoGoPool has a total of 1 investment in Avant Protocol. GoGoPool has not made any acquisitions as of now.

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