When was Lyra founded?

Lyra was founded in 2021 and raised its 1st funding round within a year of its incorporation.

Where is Lyra located?

Lyra is headquartered in Sydney, Australia.

How many employees does Lyra have?

As of Jul 01, 2024, the latest employee count at Lyra is 14.

Is Lyra a funded company?

Lyra is a funded company, having raised a total of $6.3M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jul 26, 2021.

When was the latest funding round of Lyra?

Lyra's latest funding was a $***** Seed round on Nov 30, 2022, with participation from 2 investors. Its primary sector is Cryptocurrencies. In Australia, the Cryptocurrencies sector has seen $152M in funding in 2026 to date.

Where does Lyra rank among its competitors?

Lyra ranks 284th amongst 2921 active competitors, of which 401 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Ripple, which secured $275M in Aug, 2026.

Who are the top competitors of Lyra?

Lyra's top competitors include Coinbase, KuCoin and Bitso. Among them, Ripple secured the most recent funding round in August, 2026.

Lyra - 2026 Company Profile, Team, Funding & Competitors

Lyra is a seed company based in Sydney (Australia), founded in 2021 by Michael Spain. It operates as a Decentralized options protocol built on Ethereum. Lyra has raised $6.3M in funding from ParaFi and Framework Ventures. The company has 2921 active competitors, including 401 funded and 64 that have exited. Its top competitors include companies like Coinbase, KuCoin and Bitso.

Company Details

Decentralized options protocol built on Ethereum. It provides solutions to traders for buying and selling options, liquidity providers for risk management tools, and more. Its feature are market-driven pricing, transactions for traders and automated risk management, delta hedging, and more.

Website: lyra.finance
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Key Metrics

Founded Year

2021

Location

Sydney, Australia

Stage

Seed

Total Funding

$6.3M in 2 rounds

Latest Funding Round

Seed, Nov 30, 2022, $*****

Investors

ParaFi & 20 more

Ranked

284^th among 2921 active competitors

Employee Count

14 as on Jul 01, 2024

Similar Companies

Coinbase & 4810 more

View Lyra's full profile

Lyra has raised a total funding of $6.3M over 2 rounds. Its first funding round was on Jul 26, 2021. Its latest funding round was a Seed round on Nov 30, 2022 for $*****. 2 investors participated in its latest round. Lyra has 10 institutional investors and 11 angel investors.

Here is the list of recent funding rounds of Lyra:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 30, 2022	4021054	Seed	4701073	1216385	9203556	6822257
Jul 26, 2021	9941052	Seed	1619340	7845029	Framework Ventures & 1 more	Divergence & 17 more

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View details of Lyra's funding rounds and investors

The founders of Lyra is Michael Spain.

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

Michael Spain: Co-Founder of Lyra. They are also an angel investor in 1 startup.
Contact Info: 1 email address

View details of Lyra's Founder profiles and Board Members

Lyra's employee count trend

Lyra has 14 employees as of Jul 24. Here is Lyra's employee count trend over the years:

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Top competitors of Lyra include Coinbase, KuCoin and Bitso. Here is the list of Top 10 competitors of Lyra, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Coinbase 2012, San Francisco (United States), Public	Online platform for crypto portfolio	$547M	DFJ Growth, Serena Ventures & 152 others	87/100
2nd	KuCoin 2017, Mahe (Seychelles), Series A	Cryptocurrency exchange and trading platform	$180M	NGC Ventures, Jump Crypto & 11 others	83/100
3rd	Bitso 2014, Mexico City (Mexico), Series C	Online trading and exchange platform for cryptocurrency	$331M	QED Investors, Kaszek & 38 others	83/100
4th	Ripple 2012, San Francisco (United States), Series D	Provider of blockchain and financial infrastructure solutions for cross-border payments and digital asset custody	$853M	China Growth Capital, AME Cloud Ventures ... & 106 others	81/100
5th	N26 2013, Berlin (Germany), Series E	Provider of mobile banking services, including savings, investment, and crypto	$1.72B	Valar Ventures, Allianz X & 51 others	79/100
6th	Wealthsimple 2014, Toronto (Canada), Series F	Provider of financial services including investing, trading, saving, and borrowing	$1.29B	Power financial, Meritech & 40 others	78/100
7th	Sygnum 2017, Zurich (Switzerland), Series C	Digital asset banking platform offering a range of services including trading, custody, staking, and tokenization of assets	$218M	Fulgur Ventures, SBI Digital Asset Holdings ... & 14 others	76/100
8th	CoinList 2017, San Francisco (United States), Series A	App-based trading platform for cryptocurrency	$119M	Accomplice, Polychain & 36 others	76/100
9th	Pintu 2016, Jakarta (Indonesia), Series B	App-based platform for storing, buying, and selling digital assets and cryptocurrencies	$154M	Lightspeed Venture Partners, Pantera Capital ... & 8 others	75/100
10th	Terra 2018, Singapore (Singapore), Series B	Blockchain network for payments	$125M	Huobi, Binance Labs & 42 others	75/100
284th	Lyra 2021, Sydney (Australia), Seed	Decentralized options protocol built on Ethereum	$6.3M	ParaFi, Framework Ventures & 19 others	39/100