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Ethena Labs

Ethena Labs

Private
LisbonCrypto & Web3https://ethena.fi/

Last Round

Strategic

Jun 9, 2026

Est. Valuation

$300M

Total Funding Raised

$46M

Momentum

Top 10%

of companies Caplight tracks

Company Overview

Ethena Labs is a decentralized finance company that develops a synthetic dollar protocol on the Ethereum blockchain.

Sector

Crypto & Web3

Verticals

DeFi, Stablecoins, Blockchain Infrastructure

Business Model

B2B2C

Customer Profile

Revenue Share

AI Layer

Non-AI

Keywords

synthetic dollarstablecoinDeFi protocolyield-bearing assetsdelta-neutral hedgingcrypto-nativeyield farmingbasis tradedecentralized financedigital assetstablecoin yieldprotocol treasurycollateral managementmoney lego

Historical Pricing

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Caplight Momentum Score

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Ethena Labs Comparables

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Ethena Labs comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
Resolv
88%
usdx.money
85%
Falcon Finance
84%

Ethena Labs Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
StrategicJun 9, 2026
StrategicAug 1, 2025
StrategicMar 12, 2025
Token SaleDec 1, 2024
SeedFeb 16, 2024
Seed
Jul 17, 2023

Ethena Labs Investors

Notable investors and investment history

Ethena Labs investors
InvestorRounds
MaelstromSeed
Janus Henderson GroupStrategic
Dragonfly CapitalStrategic, Seed
BitMEX VenturesSeed
Franklin AdvisersStrategic, Seed
BH DigitalSeed
Castle Island VenturesSeed

Market signals

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  • Apr 6, 2026

    Struck a lending deal with Anchorage for USDe reserves.

  • Apr 6, 2026

    Entered into a lending deal with Maple Finance.

Ethena Labs Filings

SEC and related filings with document metadata.

Data table
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Ethena Labs Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersLisbon
Employee Range13
Year Founded2023
Last FundingJun 9, 2026

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