Oryon
Portfolio indexActive · Series A · 2024
ActiveEmerging primitives

Karak

CategoryRestaking · Infra
HeadquartersNew York
FoundersDrew Patel
— Overview

Karak is a universal restaking network that supports 20+ collateral asset types across Ethereum, Solana, and Bitcoin. The protocol's Distributed Secure Services (DSS) framework lets any protocol source cryptoeconomic security from the Karak collateral pool.

The K2 chain, launched in 2025, is the first restaking-secured universal risk-management layer — a design that lets networks price and hedge slashing risk as a first-class primitive.

Karak's cross-chain design has attracted networks that need security across multiple ecosystems simultaneously, a use case that neither EigenLayer nor Symbiotic addresses directly.

— By the numbers
$1.5B
Restaked collateral
3
Chains
12
DSS live
2023
Founded
— Investment
Round
Series A 2024
Our role
Participant
Check size
$3.2M
Co-investors
Pantera Capital · Framework · Coinbase Ventures
— Our thesis

Cross-chain restaking with a risk-management layer. We supported the Series A on the belief that multi-chain security-sourcing becomes standard.

— Team
DP

Drew Patel

CEO & Founder
NC

Nicholas Chen

CTO
SA

Sophie Anderson

Head of Ecosystem
RK

Rajiv Kumar

Head of Protocol
— Timeline
  1. 2023Founded by Drew Patel
  2. Q3 2024Oryon Series A
  3. Q1 2025K2 chain launch
  4. Q4 2025$1.5B collateral
— Latest update

K2 chain live. Restaked collateral crossed $1.5B across 20+ asset types.

— In the press

Karak is the first restaking design that treats risk itself as a product.

Delphi Digital, 2025