Lido - About the company
Lido is a series A company based in Finland, founded in 2020. It operates as a Non-custodial staking solution for cryptocurrencies. Lido has raised $72M in funding from investors like a16z, Semantic Ventures and ParaFi. The company has 113 active competitors, including 25 funded and 1 that has exited. Its top competitors include companies like CyberConnect, Compound and Aave.
Company Details
Non-custodial staking solution for cryptocurrencies. Users must invest any amount of ETH into the staking protocol in order to obtain the same amount of token, which may be utilized for any financial transaction or service. Users can earn staking incentives by depositing funds on the platform, which can be redeemed by transferring tokens back to ETH when needed.
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Key Metrics
Founded Year
2020
Location
Stage
Series A
Total Funding
in 9 rounds
Latest Funding Round
Investors
Ranked
3rd among
Employee Count
as on Dec 31, 2022
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Legal entities associated with Lido
Lido is associated with 1 legal entity given below:
Legal Entity Name | Date of incorporation | Revenue | Net Profit | Employee Count |
|---|---|---|---|---|
Sep 09, 1991 | $54.2M (as on Apr 30, 2023) | 911 | 540 |
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Lido's funding and investors
Lido has raised a total funding of $72M over 9 rounds. Its first funding round was on Dec 15, 2020. Its latest funding round was a Series A round on Mar 04, 2022 for $70M. 1 investor participated in its latest round, which include Kintsugi Ventures, , Semantic Ventures and ParaFi.
Lido has 18 institutional investors including a16z, Semantic Ventures and ParaFi. Kain Warwick and 2 others are Angel Investors in Lido.
Here is the list of recent funding rounds of Lido:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Mar 04, 2022 | $70M | Series A | 4471532 | 7399631 | |
Sep 29, 2021 | $232K | Grant (prize money) | 4959488 | 6148495 | |
Jul 30, 2021 | $11.9M | Grant (prize money) | 3538137 | 1042511 |
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Lido's founders and board of directors
Lido's employee count trend
Lido has 922 employees as of Dec 22. The total employee count is 17.5% more than what it was in Dec 21. Here is Lido's employee count trend over the years:
Uncover Lido's growth story! Sign up today!Lido's Competitors and alternates
Top competitors of Lido include CyberConnect, Compound and Aave. Here is the list of Top 10 competitors of Lido, ranked by ÃØÃÜÑо¿Ëù score :
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Overall Rank | Company Details | Short Description | Total Funding | Investors | ÃØÃÜÑо¿Ëù Score |
|---|---|---|---|---|---|
1st |  CyberConnect 2021, Palo Alto (United States), Series A | Web3 social network platform | $25M | Tribe Capital, Spartan GroupÌý&²¹³¾±è;Ìý | 67/100 |
2nd |  Compound 2017, San Francisco (United States), Series B | P2P lending platform based on the Ethereum blockchain | $79.4M | Blockchain Coinvestors, Uncorrelated VenturesÌý&²¹³¾±è;Ìý | 67/100 |
3rd | 2020, Finland, Series A | Non-custodial staking solution for cryptocurrencies | $72M | Kintsugi Ventures, Ìý&²¹³¾±è;Ìý | 62/100 |
4th |  Aave 2009, London (United Kingdom), Series B | Decentralized crypto lending marketplace for consumers | $29.5M | Framework Ventures, FlutterFinanceÌý&²¹³¾±è;Ìý | 60/100 |
5th |  EigenLayer 2021, Seattle (United States), Series B | Platform offering a set of smart contracts on Ethereum | $171M | WAGMI Ventures, dao5Ìý&²¹³¾±è;Ìý | 56/100 |
6th | Cryptocurrency staking platform | - | - | 52/100 | |
7th |  P2P 2018, George Town (Cayman Islands), Series A | Provider of a non-custodial staking platform for cryptocurrencies | $23M | SBI Ven Capital, BybitÌý&²¹³¾±è;Ìý | 52/100 |
8th |  Curve 2020, Zug (Switzerland), Series A | Decentralized exchange liquidity pool for digital assets | $5M | Foundery, Digital Eyes CapitalÌý&²¹³¾±è;Ìý | 50/100 |
9th |  Jito Labs 2021, United States, Series A | Software for validators to earn more rewards with mining | $12.1M | Framework Ventures, Alameda ResearchÌý&²¹³¾±è;Ìý | 46/100 |
10th |  Alchemix 2020, Saint Kitts And Nevis, Seed | Online platform for self-paying crypto loans | $3.1M | , Ìý&²¹³¾±è;Ìý | 46/100 |
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Lido's Investments and acquisitions
Lido has made no investments or acquisitions yet.
Reports related to Lido
Here is the latest report on Lido's sector:
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News related to Lido
Media has covered Lido for a total of 13 events in the last 1 year, 7 of them have been about company updates and 2 about partnerships.
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Shareandstocks•Jan 06, 2025•Lido
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CryptoSlate•Oct 26, 2024•Lido
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