About Lido
Lido is a company based in Finland founded in 2020.. Lido has raised $72 million across 9 funding rounds from investors including European Union, ParaFi and Andreessen Horowitz. The company has 922 employees as of December 31, 2022. Lido offers products and services including stETH, Lido Staking, and Lido Institutional. Lido operates in a competitive market with competitors including Compound, CyberConnect, Aave, EigenLayer and P2P, among others.
- Headquarter Finland
- Employees 922 as on 31 Dec, 2022
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Sectors
TechnologyFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Lido
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$72 M (USD)
in 9 rounds
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Latest Funding Round
$70 M (USD), Series A
Mar 04, 2022
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Investors
European Union
& 9 more
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Employee Count
922
as on Dec 31, 2022
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Products & Services of Lido
Lido offers a comprehensive portfolio of products and services, including stETH, Lido Staking, and Lido Institutional. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Liquid token for staked ETH used in DeFi rewards.
Platform for staking ETH and earning competitive yields.
Service for large-scale staking and DeFi integration.
Funding Insights of Lido
Lido has successfully raised a total of $72M across 9 strategic funding rounds. The most recent funding activity was a Series A round of $70 million completed in March 2022. 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 Total Funding
- Total Rounds 9
- Last Round Series A — $70.0M
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First Round
First Round
(15 Dec 2020)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Series A - Lido | Valuation | a16z |
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| Sep, 2021 | Amount | Grant - Lido | Valuation |
investors |
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| Jul, 2021 | Amount | Grant - Lido | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Lido
Lido has secured backing from 10 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include European Union, ParaFi and Andreessen Horowitz. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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Early-stage investments are managed by this London-based VC firm.
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Founded Year | Domain | Location | |
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Investments are focused on crypto and tech companies by ParaFi.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lido
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Lido
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lido Comparisons
Competitors of Lido
Lido 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 Compound, CyberConnect, Aave, EigenLayer and P2P, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
P2P lending platform based on the Ethereum blockchain
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| domain | founded_year | HQ Location |
Web3 social network platform
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| domain | founded_year | HQ Location |
Decentralized crypto lending marketplace for consumers
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| domain | founded_year | HQ Location |
Platform offering a set of smart contracts on Ethereum
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| domain | founded_year | HQ Location |
Non-custodial staking platform for cryptocurrencies is provided to users.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lido
Frequently Asked Questions about Lido
When was Lido founded?
Lido was founded in 2020.
Where is Lido located?
Lido is headquartered in Finland.
Is Lido a funded company?
Lido is a funded company, having raised a total of $72M across 9 funding rounds to date. The company's 1st funding round was a Grant of $11.86M, raised on Dec 15, 2020.
How many employees does Lido have?
As of Dec 31, 2022, the latest employee count at Lido is 922.
What does Lido do?
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.
Who are the top competitors of Lido?
Lido's top competitors include Compound, EigenLayer and Aave.
What products or services does Lido offer?
Lido offers stETH, Lido Staking, and Lido Institutional.
Who are Lido's investors?
Lido has 10 investors. Key investors include European Union, ParaFi, Andreessen Horowitz, Semantic Ventures, and KR1 plc.
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