Funding round
Euler Finance Growth
Reported as "Growth Equity"
Euler Finance, which works in decentralized lending platform development in George Town, raised $32M in a Growth round announced on 7 Jun 2022, led by Haun Ventures, at a $375M post-money valuation. 7 firms took part. It is Euler Finance's second venture round on record; the one before was a Series A in Aug 2021.
$32M
Amount raised
$375M
Post-money valuation
$343M pre-money
7
Investors
1 lead
8.5%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Euler Finance at $375M after the new money. The $32M bought investors about 8.5% of the company. It came 10 months after Euler Finance's Series A. It is 80% of the $40M Euler Finance has raised in the venture rounds on record. No later venture round is on record for Euler Finance.
Euler Finance's funding rounds
Euler Finance has 2 venture rounds on record. This one is highlighted.
- Series A 25 Aug 2021, led by Paradigm $8.0M
- Growth this round 7 Jun 2022, led by Haun Ventures $32M$375M post-money
Investors
Who put money in
Haun Ventures led the round with 6 other firms.
Lead investor
- backs 34 venture-backed companies new investor
Also in the round
- backs 34 venture-backed companies new investor
- FTX Ventures new investor
- Coinbase Ventures new investor
- Jane Street new investor
- Uniswap Labs Ventures new investor
- Jump Crypto new investor
Comparable rounds
How it compares
11 Growth rounds in Cryptocurrency within a year either side disclosed an amount; the median was $50M, and this round was 64% of the median. The closest in time, other companies' Growth rounds in Cryptocurrency:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Cryptocurrency | 5 May 2022 | $50M | $600M | Haun Ventures |
| Cryptocurrency | 15 Aug 2022 | $350M | $1.00B | Andreessen Horowitz |
| Cryptocurrency | 1 Apr 2022 | $41M | not disclosed | Liberty City Ventures and Morgan Creek Digital |
| Cryptocurrency | 10 Aug 2022 | $40M | not disclosed | Jump Crypto |
| Polygon Cryptocurrency | 7 Feb 2022 | $450M | $20.00B | Sequoia Capital India |
| Cryptocurrency | 3 Feb 2022 | $150M | not disclosed | not named |
| NYDIG Cryptocurrency | 14 Dec 2021 | $1.00B | $7.00B | WestCap |
| Cryptocurrency | 9 Feb 2023 | $30M | not disclosed | Foundation Capital |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Euler Finance raise in its Growth round?
Euler Finance raised $32M in its Growth round, announced in Jun 2022.
Who led Euler Finance's Growth round?
Haun Ventures led it, with Variant, FTX Ventures, Coinbase Ventures, Jane Street and Uniswap Labs Ventures and 1 more.
What was Euler Finance's valuation at the Growth round?
$375M post-money ($343M pre-money).
How does it compare with other Growth rounds in Cryptocurrency?
11 Growth rounds in Cryptocurrency within a year either side disclosed an amount; the median was $50M, and this round was 64% of the median.