Ethereum restaking platform KelpDAO announced the completion of a $9 million private token sale. The round was led by Bahamas-based SCB Limited and Laser Digital, which invested a total of $3.5 million. Other investors included Bankless Ventures, Hypersphere Ventures, Draper Dragon, DACM, Cypher Capital, GSR, HTX Ventures, and DWF Ventures. Kelp co-founder Amitej Gajjala said the round closed in March with a fully diluted valuation (FDV) of $90 million for the token. Kelp's total locked value (TVL) is currently around $961 million. (TheBlock)
