Infrared Raises $14M From Framework Ventures to Become the Largest Protocol on Berachain

Berachain-based liquid stalking protocol, Infrared has raised $14 million in a Series A round led by Framework Ventures. The fundraising also attracted participation from Citizen X

Infrared, the Berachain-based liquid staking protocol, has reportedly secured $14 million in a Series A funding round headed by Framework Ventures.

As per an announcement on Tuesday, the fundraising also saw contributions from Citizen X, Halo Capital, No Limit Holdings, NGC Ventures, and Selini Capital.

The round, which was structured as a simple agreement for future tokens (SAFTs), brings the total capital raised to $18.75 million, co-founder and CEO Raito Bear told The Block.

This follows a strategic investment announced in June, which was entirely funded by YZi Labs (formerly Binance Labs) with additional investments from Hack VC and No Limit Holdings, totalling $2.25 million. The company also raised $2.5 million in a seed round announced last year.

> "We are thrilled to continue our journey with the support of an amazing group of investors,” said Bear.

> “As we enter this next chapter, we remain focused on building the best liquid staking protocol in the Berachain ecosystem and providing users with the most innovative and user-friendly experience possible."

Incubated by Berachain’s Build-a-Bera program, Infrared has risen to become the largest protocol on Berachain with over $1.7 billion in TVL, according to DeFiLlama data. The platform offers two flagship liquid staking tokens, namely iBGT and iBERA.

Discussing his firm’s leading role in the token round, co-founder of Framework Ventures, said: “At Framework Ventures, we are always searching for teams building protocols that are pushing the boundaries of Web3.”

“We believe Infrared will play a major role in simplifying and increasing access to Proof of Liquidity for users in the Berachain community. The protocol will unlock significant amounts of productive capital within the wider Berachain ecosystem while maximizing efficiency and yield.”

The fresh capital will be used to expand Infrared’s team, including hiring a development and operations engineer and a head of DeFi for the Asia Pacific region.