Lighter
PrivateLast Round
Series B
Nov 11, 2025
Est. Valuation
$1.5B
Total Funding Raised
$68M
Momentum
Top 25%
of companies Caplight tracks
Company Overview
Lighter is a fintech company that operates a decentralized perpetual futures and spot exchange built as an application-specific zero-knowledge rollup on Ethereum.
Sector
Crypto & Web3
Verticals
DeFi, Crypto Exchanges, Blockchain Infrastructure, Layer 2 Solutions, Smart Contracts
Business Model
B2B2C
Customer Profile
Usage-Based SaaS, Revenue Share
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Lighter Comparables
Compare Lighter with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| dYdX Trading Inc. | 83% | |
| Paradex | 80% | |
| Aevo | 79% | |
Lighter Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series B | Nov 11, 2025 |
Lighter Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Progression Fund | Series B |
| Craft Ventures | VC Round |
| Founders Fund | Series B |
| Haun Ventures | Series B, VC Round |
| Dragonfly Capital | VC Round, Series B |
| Robot Ventures | VC Round, Series B |
| Alpen Capital | Series B |
Market signals
Structured signals derived from secondary market and firmographic data.
- Apr 24, 2026
Launched Multi-Asset Margin for non-USDC collateral.
- Apr 16, 2026
Grew 25% QoQ, from 16 to 20 employees.
Lighter Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
Mock Valuation | Sign Up to view | Mock Valuation | Sign Up to view | Mock Valuation | Sign Up to view | Mock Valuation |
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Frequently Asked Questions
Common questions about Lighter's valuation, stock price, and market status.