When was Ethena founded?

Ethena was founded in 2023 and raised its 1st funding round within a year of its incorporation.

Where is Ethena located?

Ethena is headquartered in Lisbon, Portugal.

Is Ethena a funded company?

Ethena is a funded company, having raised a total of $156M across 5 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jul 17, 2023.

How much is Ethena worth?

The latest valuation of Ethena is $***** as of Feb 16, 2024.

When was the latest funding round of Ethena?

Ethena's latest funding was a $***** Series B round on Sep 25, 2025, with participation from 1 investor.

Where does Ethena rank among its competitors?

Ethena ranks 55th amongst 1655 active competitors, of which 268 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Ethena, which secured $20M in Sep, 2025.

Who are the top competitors of Ethena?

Ethena's top competitors include Consensys, Coins.ph and Luno. Among them, Ethena secured the most recent funding round in September, 2025.

Ethena - 2026 Company Profile, Team, Funding & Competitors

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 1655 active competitors, including 268 funded and 49 that have exited. Its top competitors include companies like Consensys, Coins.ph and Luno.

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
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Key Metrics

Founded Year

2023

Location

Lisbon, Portugal

Stage

Series B

Total Funding

$156M in 5 rounds

Latest Funding Round

Series B, Sep 25, 2025, $*****

Post Money Valuation

$***** as on Feb 16, 2024

Investors

DRAGONFLY & 25 more

Ranked

55^th among 1655 active competitors

Similar Companies

Consensys & 2649 more

View Ethena's full profile

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:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 25, 2025	9992521	Series B	3386116	9415111	7025284	7624671
Mar 12, 2025	8054238	Series B	5254918	6772277	4338934	MEXC Global
Dec 2024	3874317	Series A	9827432	9916321	8918608	Franklin Templeton Investments & 4 more

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View details of Ethena's funding rounds and investors

The founders of Ethena is Guy Young.

Here are the details of Ethena's key team members:

Guy Young: Founder of Ethena. They are also an angel investor in 4 startups.

View details of Ethena's Founder profiles and Board Members

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Top competitors of Ethena include Consensys, Coins.ph and Luno. 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	Consensys 2014, Fort Worth (United States), Series D	Developer of blockchain and web3 software platform	$725M	Sound Ventures, Marshall Wace & 57 others	81/100
2nd	Coins.ph 2014, Pasig (Philippines), Acquired	Digital wallet for Bitcoin assets	$40M	Naspers, Ribbit Capital & 15 others	80/100
3rd	Luno 2013, London (United Kingdom), Acquired	App-based platform for crypto wallet and investments	$13M	Naspers, Balderton Capital & 12 others	80/100
4th	FalconX 2018, San Francisco (United States), Series D	Online platform offering cryptocurrency trading and investment solutions for institutions	$430M	B Capital, GIC & 26 others	79/100
5th	BlockFi 2017, Jersey City (United States), Acquired	Online platform for trading, crypto-backed loans, interest accounts, and wallets	$466M	Valar Ventures, Bain Capital Ventures & 64 others	78/100
6th	Amber Group 2017, Singapore (Singapore), Series C	Provider of blockchain-based financial solutions	$628M	Paradigmcap, Pantera Capital & 32 others	76/100
7th	AVA 2018, Brooklyn (United States), Series B	Blockchain platform for smart contracts and custom subnets	$368M	Andreessen Horowitz, R8 Capital & 22 others	75/100
8th	Fireblocks 2018, New York (United States), Series E	Provider of an online platform for crypto custody, payments, tokenization, and wallet-as-a-service	$1.04B	Spark Capital, Stripes & 38 others	74/100
9th	River Financial 2019, San Francisco (United States), Series B	Blockchain focused investment firm	$70M	Goldcrest, Kingsway Capital & 19 others	74/100
10th	Safe Ecosystem Foundation 2018, Zug (Switzerland), Series D	Decentralized custody protocol and asset management platform on Ethereum and the EVM	$112M	1kx, Tiger Global Management & 10 others	73/100
55th	Ethena 2023, Lisbon (Portugal), Series B	Platform offering multiple crypto-based financial solutions	$156M	Castle Island Ventures, Brevan Howard & 24 others	57/100