a16z crypto invests $70 million in direct EigenLayer token deal to back EigenCloud developer platform rollout


Description

a16z crypto has invested $70 million in EigenLayer’s EIGEN tokens to support the launch of its new developer platform, EigenCloud. This follows a16z’s earlier backing in Eigen Labs’ $100 million Series B, signaling strong confidence in the project’s growth.

Publish date

June 17, 2025