About Lightning Labs
Lightning Labs is a Technology company based in San Francisco (United States) founded in 2016 by Olaoluwa Osuntokun and Elizabeth Stark. Software for the Lightning Network is developed by Lightning Labs. It operates on a API-as-a-Product and Open Source Software model. Lightning Labs has raised $82.5 million across 3 funding rounds from investors including NYDIG, Digital Currency Group and Ribbit Capital. Its website lightning.engineering draws about 19 thousand monthly visits. Lightning Labs offers products and services including Lightning Terminal and Lightning Network Daemon. Its focus areas include Blockchain and Cryptocurrency Infrastructure. Its competitors include Boba, Horizen Labs and BlockCypher; 3 of its 3 listed competitors have raised funding.
Company details
Software solutions for the Lightning Network, a layer-two Bitcoin scaling system, are provided by Lightning Labs. Focus is placed on creating open source, secure, and scalable systems that enable efficient money transfers. Non-custodial financial services based on Lightning technology are also offered. The bridging of open source software with next-generation Bitcoin financial tools is facilitated. Sectors such as blockchain and cryptocurrency infrastructure are primarily targeted.
- Headquarters San Francisco, United States
- Founders Olaoluwa Osuntokun, Elizabeth Stark
- SectorsTechnology
- Email••••••••
- Website lightning.engineering
- Social LinkedIn X
- Total Equity Funding$82.5M (USD)
in 3 rounds
- Latest Funding Round$70M (USD), Series B
Apr 2022
- InvestorsNYDIG
& 22 more
Products & Services of Lightning Labs
Lightning Labs offers a comprehensive portfolio of products and services, including Lightning Terminal and Lightning Network Daemon.
A web UI for managing Lightning node operations.
Core software for running Lightning Network nodes.
Funding Insights of Lightning Labs
Lightning Labs has successfully raised a total of $82.5M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $70 million completed in April 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 $82.5M
- Total Rounds 3
- Last Round Series B — $70M
- First Round $2.5M
(Mar 2018)
- Investors Count 23
All 3 funding rounds of Lightning Labs 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 |
|---|---|---|---|---|---|
| Apr 2022 | $70M | Series B | – | Valor Equity Partners | |
| Feb 2020 | $10M | Series A | – | Craft Ventures | |
| Mar 2018 | $2.5M | Seed | – | The Hive, Digital Currency Group |
23 investors in total: 12 institutional and 11 angel.
Investors in Lightning Labs
Lightning Labs has secured backing from 23 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include NYDIG, Digital Currency Group and Ribbit Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm | valorep.com | Chicago, United States | ||
Tech companies are invested in by Goldcrest VC fund. | goldcrest.com | Dallas, United States | ||
Kingsway Capital is engaged in providing investment management services. | kingswaycap.com | London, United Kingdom | ||
Venture capital fund focused on SaaS and consumer sectors | craftventures.com | San Francisco, United States | ||
Early-stage tech investments are made primarily in US companies. | slow.co | New York, United States | ||
Early-stage companies in fintech and multiple sectors are invested in. | 2012 | ribbitcap.com | Palo Alto, United States | |
VC firm investing in seed and early stage companies in the US | rre.com | New York, United States | ||
Hive Data is engaged in co-creating AI-based startups. | hivedata.com | Palo Alto, United States | ||
Strategic investments in ventures are managed from New York. | New York, United States | |||
Brevan Howard is recognized as a global alternative investment platform. | 2002 | brevanhoward.com | London, United Kingdom |
Investor details for Lightning Labs
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Lightning Labs
19 people are tracked at Lightning Labs (7 in leadership, 12 in team).
| Name | Role | Group |
|---|---|---|
Olaoluwa Osuntokun | Co-Founder & CTO | Leadership |
Elizabeth Stark | Co-Founder | Leadership |
Michael Levin | Head of Product Growth | Leadership |
Neil Kelly | Head of Engineering Management | Leadership |
Michelle Qian | Head of Finance & Operations | Leadership |
Ryan Gentry | Head Of Business Development | Leadership |
Neil K. | Head of Engineering Management | Leadership |
Jamal James | Senior Lead Frontend Engineer | Team |
Michael Hiebl | ₿⚡ Software Engineer | Team |
Viktor Tigerström | Lightning Infrastructure Engineer | Team |
Jonathan Harvey-Buschel | Protocol Engineer | Team |
Carla Kirk-Cohen | Infrastructure Engineer | Team |
Konstantin Nick | Lightning Infrastructure Engineer | Team |
Jason Brill | Software Engineer | Team |
George Tsagkarelis | Lightning Infrastructure Engineer | Team |
Yong Yu | Infrastructure Engineer | Team |
András Bánki-Horváth | Lightning Infrastructure Engineer | Team |
Elle Mouton | Lightning Infrastructure Engineer | Team |
Mohammad Suheb Khan | Technology Product Manager | Team |
Complete people profiles for Lightning Labs
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Timeline of Lightning Labs
3 dated milestones of Lightning Labs across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Lightning Labs is founded.
- Funding First funding round of $2.5M.
- Funding Latest funding round, Series B, of $70.0M.
Competitors of Lightning Labs
Lightning Labs has 3 listed competitors in our database, 3 of them funded. They include Boba, Horizen Labs and BlockCypher.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| boba.network | 2021 | Palo Alto, United States | $45M | Decentralized network platform for Ethereum | ||
| horizenlabs.io | 2018 | Austin, United States | $11M | Blockchain infrastructure for sidechain applications is provided. | ||
| blockcypher.com | 2013 | Redwood, United States | $3.5M | Hosted web APIs for secure crypto-currency apps are provided. |
Detailed competitors of Lightning Labs
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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- Operating metrics
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- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Lightning Labs
The website of Lightning Labs (lightning.engineering) receives about 18.9K visits a month.
- Monthly visits18.9K
▼ 15.3% vs previous month
Websites whose visitors overlap most with Lightning Labs. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
1ml.com | 1ml.com | 100% | #974,484 | – | |
| tether.io | 60% | 181.8K | #257,663 | View details |
Top companies in Blockchain & Decentralized Infrastructure
3 companies that operate in the same segment as Lightning Labs (Blockchain & Decentralized Infrastructure) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | 217 | ||
Developer of blockchain and web3 software platform | 2014 | Fort Worth, Texas, United States | USD 725 M | 708 | ||
Protocols for blockchain-based solutions are provided by Aptos. | 2021 | Palo Alto, California, United States | USD 350 M | 166 |
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Frequently Asked Questions about Lightning Labs
Lightning Labs was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Lightning Labs is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Lightning Labs is a funded company, having raised a total of $82.5M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2.5M, raised on Mar 2018.
Software solutions for the Lightning Network, a layer-two Bitcoin scaling system, are provided by Lightning Labs. Focus is placed on creating open source, secure, and scalable systems that enable efficient money transfers. Non-custodial financial services based on Lightning technology are also offered. The bridging of open source software with next-generation Bitcoin financial tools is facilitated. Sectors such as blockchain and cryptocurrency infrastructure are primarily targeted.
Lightning Labs's top competitors include Boba, Horizen Labs and BlockCypher.
Lightning Labs offers Lightning Terminal and Lightning Network Daemon.
Lightning Labs has 23 investors. Key investors include NYDIG, Digital Currency Group, Ribbit Capital, Valor Equity Partners, and Baillie Gifford.