About Lit Protocol
Lit Protocol is a company based in San Francisco (United States) founded in 2021 by Chris Cassano.. Lit Protocol has raised $15.2 million across 2 funding rounds from investors including OpenSea, Kleiner Perkins and Protocol Labs. Lit Protocol offers products and services including Lit Network, Lit Wallets, and Lit Actions. Lit Protocol operates in a competitive market with competitors including Solana, Ankr, Mysten Labs, O(1) Labs and Chain, among others.
- Headquarter San Francisco, United States
- Founders Chris Cassano
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Sectors
TechnologyFinancial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Lit Association
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$15.2 M (USD)
in 2 rounds
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Latest Funding Round
$13 M (USD), Series A
Sep 22, 2022
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Investors
OpenSea
& 25 more
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Employee Count
Employee Count
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Products & Services of Lit Protocol
Lit Protocol offers a comprehensive portfolio of products and services, including Lit Network, Lit Wallets, and Lit Actions. 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.
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.
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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 Total Funding
- Total Rounds 2
- Last Round Series A — $13.0M
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First Round
First Round
(18 Jan 2022)
- Investors Count 26
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Series A - Lit Protocol | Valuation | 1k(x) | |
| Jan, 2022 | Amount | Seed - Lit Protocol | Valuation | Sfermion , Collab+Currency |
| 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 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. 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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Investments in blockchain technology startups are made by 6MV.
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Founded Year | Domain | Location | |
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Early-stage companies are invested in by A.Capital Ventures.
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Founded Year | Domain | Location | |
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Fintech and diverse sectors are invested in by Valhalla Ventures.
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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 Lit Protocol
| 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 - Lit Protocol
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Lit Protocol Comparisons
Competitors of Lit Protocol
Lit Protocol 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 Solana, Ankr, Mysten Labs, O(1) Labs and Chain, 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 |
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| domain | founded_year | HQ Location |
Blockchain infrastructure for transactions and counting is provided by Solana.
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| domain | founded_year | HQ Location |
Web3-native infrastructure for blockchain development and decentralization is provided.
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| domain | founded_year | HQ Location |
Web3 infrastructure solutions are offered via a blockchain platform.
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| domain | founded_year | HQ Location |
Provider of a blockchain network
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| domain | founded_year | HQ Location |
Blockchain infrastructure is offered for financial application development.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Lit Protocol
Frequently Asked Questions about Lit Protocol
When was Lit Protocol founded?
Lit Protocol was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Lit Protocol located?
Lit Protocol is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Lit Protocol a funded company?
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 18, 2022.
What does Lit Protocol do?
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.
Who are the top competitors of Lit Protocol?
Lit Protocol's top competitors include Mysten Labs, Solana and O(1) Labs.
What products or services does Lit Protocol offer?
Lit Protocol offers Lit Network, Lit Wallets, and Lit Actions.
Who are Lit Protocol's investors?
Lit Protocol has 26 investors. Key investors include OpenSea, Kleiner Perkins, Protocol Labs, Tribe Capital, and Spaceship.
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