About Lit Protocol
Lit Protocol is a Technology company based in San Francisco (United States) founded in 2021 by Chris Cassano. It operates in the Technology and Financial Services sectors. Lit Protocol has raised $15.2 million across 2 funding rounds from investors including OpenSea, Kleiner Perkins and Protocol Labs. Its website litprotocol.com draws about 21 thousand monthly visits. Lit Protocol offers products and services including Lit Network, Lit Wallets, and Lit Actions. Its focus areas include High Tech, Blockchain Infrastructure, Blockchain Network and Blockchain Technology. Its legal entity is Lit Association. Its competitors include Solana, Ankr and Mysten Labs; 3 of its 3 listed competitors have raised funding.
Company details
Blockchain-based network for decentralized composability and encryption. It allows users to grant access to content, software, data using tokens, NFTs, and blockchain identity as keys. Users can create token gated documents, play games to earn crypto, and much more.
- Headquarters San Francisco, United States
- Founders Chris Cassano
- SectorsTechnologyFinancial Services
- Website litprotocol.com
- Social LinkedIn X
- Legal Name Lit Association
- Total Equity Funding$15.2M (USD)
in 2 rounds
- Latest Funding Round$13M (USD), Series A
Sep 2022
- InvestorsOpenSea
& 25 more
Products & Services of Lit Protocol
Lit Protocol offers a comprehensive portfolio of products and services, including Lit Network, Lit Wallets, and Lit Actions.
Secure platform for key generation and management across blockchains.
Tools for user-controlled wallet onboarding and cross-chain access.
Programs for executing tasks across networks with conditional triggers.
Funding Insights of Lit Protocol
Lit Protocol has successfully raised a total of $15.2M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $13 million completed in September 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 $15.2M
- Total Rounds 2
- Last Round Series A — $13M
- First Round $2.2M
(Jan 2022)
- Investors Count 26
All 2 funding rounds of Lit Protocol 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 2022 | $13M | Series A | – | 1k(x) | |
| Jan 2022 | $2.2M | Seed | – | Sfermion, Collab+Currency |
26 investors in total: 26 institutional.
Investors in Lit Protocol
Lit Protocol has secured backing from 26 investors, including institutional and venture fund investors. Prominent investors backing the company include OpenSea, Kleiner Perkins and Protocol Labs.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in blockchain technology startups are made by 6MV. | 6thman.ventures | New York, United States | ||
Early-stage companies are invested in by A.Capital Ventures. | acapital.com | Menlo Park, United States | ||
Fintech and diverse sectors are invested in by Valhalla Ventures. | valhalla.ventures | Miami, United States | ||
US focused seed and early-stage VC firm | eniac.vc | San Francisco, United States | ||
Early-stage tech investments are made primarily in US companies. | slow.co | New York, United States | ||
Early-stage venture capital investing, network building, and founder support services. | villageglobal.vc | |||
Venture capital fund focused on early-stage fintech, infrastructure, and digital assets companies | visary.capital | New York, United States | ||
Venture capital investments are directed toward web3 sectors. | figmentcapital.io | New York, United States | ||
Venture capital firm focused on non-fungible tokens and associated assets | sfermion.io | Chicago, United States | ||
Early-stage crypto projects in culture and consumer tech are funded. | collabcurrency.com | Eugene, United States |
Investor details for Lit Protocol
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Lit Protocol
6 people are tracked at Lit Protocol (3 in leadership, 3 in team).
| Name | Role | Group |
|---|---|---|
Chris Cassano | Co-Founder | Leadership |
David Sneider | Co-Founder & CEO | Leadership |
Lexi Mitsuhashi | Head of Product Design | Leadership |
Brendon Paul | Protocol Engineering & Thinking (Web3) | Team |
Mike Lodder | Senior Cryptography Engineer | Team |
Howard T. | Senior Protocol Engineer | Team |
Complete people profiles for Lit Protocol
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Lit Protocol
3 dated milestones of Lit Protocol across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Lit Protocol is founded.
- Funding First funding round of $2.2M.
- Funding Latest funding round, Series A, of $13.0M.
Competitors of Lit Protocol
Lit Protocol has 3 listed competitors in our database, 3 of them funded. They include Solana, Ankr and Mysten Labs.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| solana.com | 2010 | San Francisco, United States | $374.15M | 62 | Blockchain infrastructure for transactions and counting is provided by Solana. | |
| ankr.com | 2017 | San Francisco, United States | $16M | 4 | Web3-native infrastructure for blockchain development and decentralization is provided. | |
| mystenlabs.com | 2021 | Palo Alto, United States | $336M | Web3 infrastructure solutions are offered via a blockchain platform. |
Detailed competitors of Lit Protocol
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Lit Protocol
The website of Lit Protocol (litprotocol.com) receives about 21.1K visits a month.
- Monthly visits21.1K
▲ 56.6% vs previous month
Websites whose visitors overlap most with Lit Protocol. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| metapool.app | 100% | 2.3K | #8,316,181 | View details | |
| common.xyz | 100% | View details | |||
hashhub-research.com | hashhub-research.com | 100% | #4,591,201 | – | |
tonresear.ch | tonresear.ch | 100% | #2,283,867 | – | |
| li.fi | 100% | 146.3K | #295,143 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 8 similar websites and full traffic analytics for Lit Protocol
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- 8 similar websites
- Audience overlap
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- Traffic by brand
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Top companies in Blockchain & Decentralized Infrastructure
3 companies that operate in the same segment as Lit Protocol (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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Related news about Lit Protocol
Complete news archive for Lit Protocol
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Frequently Asked Questions about Lit Protocol
Lit Protocol was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Lit Protocol is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Lit Protocol is a funded company, having raised a total of $15.2M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.2M, raised on Jan 2022.
Blockchain-based network for decentralized composability and encryption. It allows users to grant access to content, software, data using tokens, NFTs, and blockchain identity as keys. Users can create token gated documents, play games to earn crypto, and much more.
Lit Protocol's top competitors include Mysten Labs, Solana and Ankr.
Lit Protocol offers Lit Network, Lit Wallets, and Lit Actions.
Lit Protocol has 26 investors. Key investors include OpenSea, Kleiner Perkins, Protocol Labs, Tribe Capital, and Spaceship.
Lit Protocol operates through Lit Association.