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.
- Website
- www.gogopool.com/
Key Metrics
Founded Year
2014
Location
Akron, United States
Stage
Seed
Total Funding
$5M in 2 rounds
Latest Funding Round
Ranked
13th among 90 active competitors
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:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Non-custodial staking solution for cryptocurrencies | $72M | 63/100 | ||
2nd | CyberConnect 2021, Palo Alto (United States), Series A | Web3 social network platform | $25M | 62/100 | |
3rd | EigenLayer 2021, Seattle (United States), Series B | Provider of verifiable cloud computing platform | $241M | 62/100 | |
4th | P2P 2018, George Town (Cayman Islands), Series A | Provider of a non-custodial staking platform for cryptocurrencies | $23M | 60/100 | |
5th | Babylon Labs 2022, Palo Alto (United States), Series B | Blockchain-based platform offering security-sharing protocols | $15M | 53/100 | |
6th | Jito Labs 2021, United States, Series A | Software for validators to earn more rewards with mining | $12.1M | 49/100 | |
7th | Stargate 2021, Switzerland, Acquired | Online composable liquidity transport protocol | - | 49/100 | |
8th | Online platform offering infrastructure for public PoS blockchain networks | - | - | 47/100 | |
9th | Bedrock 2023, British Virgin Islands, Seed | Cryptocurrency restaking protocol platform | - | 45/100 | |
10th | Blast 2011, British Virgin Islands, Series A | Provider of blockchain ecosystem offering staking solutions | $5M | 42/100 | |
13th | GoGoPool 2014, Akron (United States), Seed | Decentralized staking protocol for Avalanche subnets | $5M | 36/100 |
Looking for more details on GoGoPool's competitors? Click here to see the top ones
GoGoPool's Investments and acquisitions
GoGoPool has a total of 1 investment in Avant Protocol. GoGoPool has not made any acquisitions as of now.News related to GoGoPool
•
Avalanche-Based DeFi Protocol Avant Secures $6.5M Seed RoundNFTgators•Nov 28, 2024•Avant, Superlayer, Avalaunch, GoGoPool and 1 other
•
Avant, Ethena-like DeFi protocol, raises $6.5 million in seed fundingThe Block•Nov 28, 2024•Avant Protocol, Superlayer, Avalaunch, GoGoPool and 2 others
•
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GoGoPool raises $5 million to provide decentralized staking on AvalancheThe Block•Aug 31, 2022•GoGoPool, Framework Ventures, CoinFund, Flow Traders Capital and 9 others
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