About Ethena
Ethena is a company based in Lisbon (Portugal) founded in 2023 by Guy Young. It operates as a Token / Crypto Economy. Ethena has raised $156 million across 5 funding rounds from investors including Binance, Gemini and Kraken. Ethena offers products and services including USDe, USDtb, and sUSDe. Ethena operates in a competitive market with competitors including Consensys, Luno, Uphold, Coins.ph and BlockFi, among others.
- Total Equity Funding$156M (USD)
in 5 rounds
- Latest Funding Round$20M (USD), Series B
Sep 2025
- InvestorsBinance
& 23 more
Products & Services of Ethena
Ethena offers a comprehensive portfolio of products and services, including USDe, USDtb, and sUSDe.
USDe is offered as a digital dollar solution.
USDtb is provided as a tokenized dollar asset.
sUSDe is designed for earning through staking yields.
Funding Insights of Ethena
Ethena has successfully raised a total of $156M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $20 million completed in September 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $156M
- Total Rounds 5
- Last Round Series B — $20M
- First Round $6M
(Jul 2023)
- Investors Count 24
All 5 funding rounds of Ethena with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2025 | $20M | Series B | – | – | |
| Mar 2025 | $16M | Series B | – | – | |
| Dec 2024 | $100M | Series A | – | – | |
| Feb 2024 | $14M | Series A | – | Brevan Howard, Franklin Templeton | |
| Jul 2023 | $6M | Seed | – | DRAGONFLY |
24 investors in total: 22 institutional and 2 angel.
Investors in Ethena
Ethena has secured backing from 24 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Binance, Gemini and Kraken.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in life sciences, technology, healthtech, and crypto sectors from global locations. | – | fprimecapital.com | - | |
Venture capital and equity principal services are provided by Dragonfly. | 2018 | dragonfly.xyz | Oakland, United States | |
Blockchain-focused investment funds and venture capital are provided. | – | panteracapital.com | Menlo Park, United States | |
Venture capital fund investing in early-stage tech startups | – | paypal.vc | San Jose, United States | |
Investment activities are focused on Bitcoin and related technologies. | – | maelstrom.fund | Brooklyn, United States | |
Venture capital fund focused on blockchain and cryptocurrency companies | – | castleisland.vc | Cambridge, United States | |
Cryptocurrency trading and exchange are facilitated through a mobile app. | 2018 | mexc.com | Singapore, Singapore | |
Diversified investment management services are offered globally by the firm. | 1947 | franklintempleton.com | New York, United States | |
Investments in cryptocurrency and blockchain assets are managed by Polychain. | 2016 | polychain.capital | San Francisco, United States | |
Brevan Howard is recognized as a global alternative investment platform. | 2002 | brevanhoward.com | London, United Kingdom |
Investor details for Ethena
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Ethena
6 people are tracked at Ethena (4 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
Guy Young | Founder | Leadership |
Brian Grosso | Head Of Full Stack Engineering | Leadership |
Conor Ryder | Head Of Research | Leadership |
James Baulcomb | Head Of People & Talent Acquisition | Leadership |
Damien de Ponte Ca | Finance Manager | Team |
Alex Fowler | Founding Member | Team |
Complete people profiles for Ethena
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Ethena
3 dated milestones of Ethena across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Ethena is founded.
- Funding First funding round of $6.0M.
- Funding Latest funding round, Series B, of $20.0M.
Competitors of Ethena
Ethena operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Consensys, Luno, Uphold, Coins.ph and BlockFi, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| consensys.io | 2014 | Fort Worth, United States | $725M | 900 | Developer of blockchain and web3 software platform | |
| luno.com | 2013 | London, United Kingdom | $13M | 127 | Mobile app for storing and trading cryptocurrencies is utilized. | |
| uphold.com | 2013 | London, United Kingdom | $73.36M | 14 | App-based wallet and exchange platform for cross-border money transfers | |
| coins.ph | 2014 | Pasig, Philippines | $40M | – | Digital wallet for Bitcoin assets | |
| blockfi.com | 2017 | Jersey, United States | $465.65M | – | Crypto trading, loans, interest accounts, and wallets are offered online. | |
| crypto.com | 2016 | Singapore | – | – | App-based trading and deposit solutions for cryptocurrency are provided. | |
| bitgo.com | 2013 | Palo Alto, United States | $170.5M | 166 | Crypto-based custody, trading, and lending services are provided to institutions. | |
| fireblocks.com | 2018 | New York, United States | $1.04B | – | Provider of an online platform for crypto custody, payments, tokenization, and wallet-as-a-service | |
| matrixport.com | 2019 | Singapore | $100M | 290 | App-based platform offering crypto investment products and financial services solutions | |
| galaxy.com | 2018 | New York, United States | – | 390 | Galaxy is recognized as a leader in digital assets and data center infrastructure. |
Detailed competitors of Ethena
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Ethena
The website of Ethena (ethena.fi) receives about 158.3K visits a month.
- Monthly visits158.3K
Websites whose visitors overlap most with Ethena. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
theholycoins.com | theholycoins.com | 100% | – | #1,066,549 | – |
| ceffu.com | 100% | – | #2,186,812 | View details | |
| coinmarketcap.com | 75% | 74.2M | #1,083 | View details | |
| coingecko.com | 71% | 17.7M | #3,383 | View details | |
defillama.com | defillama.com | 70% | – | #38,327 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 28 similar websites and full traffic analytics for Ethena
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 28 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Ethena
Complete news archive for Ethena
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Ethena
10 companies that operate in the same segment as Ethena (Cryptocurrencies), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border cryptocurrency payments for businesses are enabled through APIs. | 2013 | Boston, Massachusetts, United States | USD 1.51 B | USD 2.75 B | – | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | – | |
App-based platform for exchange and trading solutions for cryptocurrency | 2011 | London, England, United Kingdom | USD 700 M | – | – | |
Terraform Labs is engaged in blockchain technology development. | 2018 | Singapore, Singapore | USD 57 M | – | – | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, France | USD 575.4 M | – | – | |
App-based wallet and exchange platform for cross-border money transfers | 2013 | London, England, United Kingdom | USD 73.36 M | – | – | |
Cryptocurrency trading, storage, and exchange services are offered online. | 2012 | San Francisco, California, United States | USD 546.62 M | USD 7.18 B | 3,770 | |
Cryptocurrencies are traded and exchanged through an online platform. | 2014 | Mexico City, Mexico | USD 331.35 M | – | – | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 85 | |
Mobile app for storing and trading cryptocurrencies is utilized. | 2013 | London, England, United Kingdom | USD 13 M | – | – |
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Frequently Asked Questions about Ethena
Ethena was founded in 2023.
Ethena is headquartered in Lisbon, Portugal.
Ethena is a funded company, having raised a total of $156M across 5 funding rounds to date. The company's 1st funding round was a Seed of $6M, raised on Jul 2023.
Ethena is engaged in providing digital dollar solutions for the internet economy. Products like USDe and USDtb are offered as tokenized assets, while sUSDe is provided for staking with attractive yields. The company operates within the cryptocurrency sector, emphasizing transparency and ecosystem development. Solutions are tailored for users across multiple blockchain chains, supporting a decentralized financial framework.
Ethena offers USDe, USDtb, and sUSDe.
Ethena has 24 investors. Key investors include Binance, Gemini, Kraken, Deribit, and MEXC Global.
The website of Ethena receives about 158 thousand visits a month.