Funding round
Euler Finance Series A
Euler Finance, which works in decentralized lending platform development in George Town, raised $8.0M in a Series A round announced on 25 Aug 2021, led by Paradigm. 15 firms took part, with 19 individual investors. It is Euler Finance's first venture round on record.
$8.0M
Amount raised
Not disclosed
Post-money valuation
15
Investors
1 lead
Valuation
What this round says about the price
Euler Finance did not disclose a valuation in this round. It is 20% of the $40M Euler Finance has raised in the venture rounds on record. Euler Finance raised again 10 months later: a Growth round of $32M in Jun 2022, at $375M post-money.
Euler Finance's funding rounds
Euler Finance has 2 venture rounds on record. This one is highlighted.
- Series A this round 25 Aug 2021, led by Paradigm $8.0M
- Growth 7 Jun 2022, led by Haun Ventures $32M$375M post-money
Investors
Who put money in
Paradigm led the round with 14 other firms.
Lead investor
- Paradigm backs 82 venture-backed companies new investor
Also in the round
- Lemniscap new investor
- Ethhub new investor
- backs 5 venture-backed companies new investor
- backs 17 venture-backed companies new investor
- Synthetix new investor
- backs 2 venture-backed companies new investor
- backs 62 venture-backed companies new investor
- backs 14 venture-backed companies new investor
- DOUBLE TOP new investor
- Hasu Fl new investor
- LAUNCHub backs 36 venture-backed companies new investor
- Manu Andorra new investor
- Ric Burton new investor
- Supriyo new investor
Individual investors: Anthony Sassano, Ryan Sean Adams, David Hoffman, Kain Warwick, Hasu, Danilo Carlucci, Supriyo Roy, Xin Wang, alper kiresepi, curtis lee, stani kulechov, anthony sassano, danilo s. carlucci, david hoffman, hasu, kain warwick, ryan adams, supriyo roy and xin wang.
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
64 Series A rounds in Cryptocurrency within a year either side disclosed an amount; the median was $15M, and this round was 53% of the median. The closest in time, other companies' Series A rounds in Cryptocurrency:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Cryptocurrency | 15 Aug 2021 | $35M | not disclosed | not named |
| Cryptocurrency | 5 Aug 2021 | $21M | $100M | Point72 Ventures |
| Cryptocurrency | 29 Jul 2021 | $25M | not disclosed | Valar Ventures |
| Cryptocurrency | 22 Jul 2021 | $21M | not disclosed | not named |
| Cryptocurrency | 22 Sep 2021 | $18M | not disclosed | Three Arrows Capital and Polychain |
| Cryptocurrency | 27 Jul 2021 | $16M | not disclosed | Kingsway Capital |
| Cryptocurrency | 27 Sep 2021 | $12M | not disclosed | KuCoin Eco Fund |
| Cryptocurrency | 12 Jul 2021 | $11M | not disclosed | Libertus Capital |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Euler Finance raise in its Series A round?
Euler Finance raised $8.0M in its Series A round, announced in Aug 2021.
Who led Euler Finance's Series A round?
Paradigm led it, with Lemniscap, Ethhub, Mythos Ventures, Bankless Ventures and Synthetix and 9 more.
What was Euler Finance's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Cryptocurrency?
64 Series A rounds in Cryptocurrency within a year either side disclosed an amount; the median was $15M, and this round was 53% of the median.
Did Euler Finance raise again after this round?
Yes: a Growth round in Jun 2022 of $32M at $375M post-money.