February 11, 2025
Drosera, a firm focused on enhancing Ethereum security, has secured $3.25 million in fresh funding, increasing its total investment to $4.75 million. Greenfield Capital led the round, with contributions from Anagram, Paper Ventures, Arrington Capital, UDHC, and Pulsar. The company develops "Traps," a smart contract security system designed to identify and mitigate threats on the Ethereum network.
The newly acquired capital will support ongoing development of its security tools, efforts to expand its user base, and research aimed at adapting its technology for additional Ethereum Virtual Machine (EVM)-compatible blockchains. The company is also preparing for its mainnet launch, expected in the second quarter of this year. Greenfield Capital emphasized that Drosera's team is well-experienced and committed to advancing onchain security. The firm noted that traditional security measures such as economic audits and bug bounties are insufficient, and solutions like Drosera’s "Traps" offer real-time threat detection and incentivized response mechanisms, which are critical for DeFi applications.
About Drosera
Drosera specializes in blockchain security, focusing on real-time threat detection for Ethereum-based smart contracts. Its primary product, "Traps," is designed to neutralize risks before they compromise decentralized applications. The firm aims to strengthen security measures across decentralized finance (DeFi) protocols by addressing vulnerabilities proactively.
Website: https://www.drosera.io/
X: @DroseraNetwork
About Investor
Greenfield Capital
Greenfield Capital is a venture capital firm that invests in blockchain and digital asset infrastructure projects. The firm supports early-stage companies working on security, decentralized finance, and confidential computing solutions.
Location: Berlin
Website: https://greenfield.xyz/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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