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Ethena - Company Profile

minicorn
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Ethena - About the company

Ethena is a series B company based in Lisbon (Portugal), founded in 2023 by Guy Young. It operates as a Platform offering multiple crypto-based financial solutions. Ethena has raised $156M in funding from investors like DRAGONFLY, Kraken and Brevan Howard, with a current valuation of $*****. The company has 1712 active competitors, including 270 funded and 52 that have exited. Its top competitors include companies like BitGo, Luno and Coins.ph.

Company Details

Platform offering multiple crypto-based financial solutions. It provides the derivative infrastructure in order to transform Ethereum into the crypto-native yield-bearing stablecoin. Its product portfolio includes a delta-neutral stablecoin with embedded yield, floating & fixed rate USD-denominated internet bonds, and repo financing.
Website
ethena.fi
Social
X
Key Metrics
Founded Year
2023
Location
Lisbon, Portugal
Stage
Series B
Total Funding
$156M in 5 rounds
Latest Funding Round
Post Money Valuation
$***** as on Feb 16, 2024
Investors
Ranked
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Ethena's funding and investors

Ethena has raised a total funding of $156M over 5 rounds. Its first funding round was on Jul 17, 2023. Its latest funding round was a Series B round on Sep 25, 2025 for $*****. 1 investor participated in its latest round. Ethena has 24 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of Ethena:lockFilter this list
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Sep 25, 2025
3367407
Series B
3679485
1214304
5741520
7588389
Mar 12, 2025
6791307
Series B
5898755
5921251
4282288
Dec 2024
2086032
Series A
1646811
9417264
5245552
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Ethena's founders and board of directors

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The founders of Ethena is Guy Young.
Here are the details of Ethena's key team members:
View details of Ethena's Founder profiles and Board Members
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Ethena's Competitors and alternates

Top competitors of Ethena include BitGo, Luno and Coins.ph. Here is the list of Top 10 competitors of Ethena, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for BitGo
BitGo
2013, Palo Alto (United States), Public
Platform that offers crypto based financial services
$170M
Goldman Sachs, Galaxy
 & 39 others
81/100
2nd
Logo for Luno
Luno
2013, London (United Kingdom), Acquired
App-based platform for crypto wallet and investments
$13M
Balderton Capital, Digital Currency Group
80/100
3rd
Logo for Coins.ph
Coins.ph
2014, Pasig (Philippines), Acquired
Digital wallet for Bitcoin assets
$40M
Innovation Endeavors, Amasia
 & 16 others
80/100
4th
Logo for Consensys
Consensys
2014, Fort Worth (United States), Series D
Developer of blockchain and web3 software platform
$725M
Marshall Wace, Samsung Venture Investment
80/100
5th
Logo for FalconX
FalconX
2018, San Francisco (United States), Series D
Online platform offering cryptocurrency trading and investment solutions for institutions
$430M
B Capital, Sapphire Ventures
 & 26 others
79/100
6th
Logo for Amber Group
Amber Group
2017, Singapore (Singapore), Series C
Provider of blockchain-based financial solutions
$628M
Temasek, Fenbushi Capital
 & 32 others
77/100
7th
Logo for AVA
AVA
2018, Brooklyn (United States), Series B
Blockchain platform for smart contracts and custom subnets
$368M
Andreessen Horowitz, Metastable Materials
75/100
8th
Logo for River Financial
River Financial
2019, San Francisco (United States), Series B
Blockchain focused investment firm
$70M
Goldcrest, Kingsway Capital
 & 20 others
74/100
9th
Logo for BlockFi
BlockFi
2017, Jersey City (United States), Acquired
Online platform for trading, crypto-backed loans, interest accounts, and wallets
$466M
Bain Capital Ventures, Valar Ventures
 & 64 others
74/100
10th
Logo for Matrixport
Matrixport
2019, Singapore (Singapore), Series C
App-based platform offering crypto investment products and financial services solutions
$129M
DST Global, K3
 & 19 others
73/100
56th
Logo for Ethena
Ethena
2023, Lisbon (Portugal), Series B
Platform offering multiple crypto-based financial solutions
$156M
F-Prime Capital, Franklin Templeton Investments
57/100
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Ethena's Investments and acquisitions

Ethena has made no investments or acquisitions yet.

Reports related to Ethena

Here is the latest report on Ethena's sector:
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Free

Cryptocurrencies - Sector Report

Edition: July, 2026 (89 Pages)
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News related to Ethena

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Media has covered Ethena for a total of 41 events in the last 1 year, 21 of them have been about company updates and 8 about partnerships.
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