When was MakerDAO founded?

MakerDAO was founded in 2014 and raised its 1st funding round 4 years after it was founded.

Where is MakerDAO located?

MakerDAO is headquartered in San Francisco, United States.

How many employees does MakerDAO have?

As of Jul 01, 2024, the latest employee count at MakerDAO is 51 - 200.

Is MakerDAO a funded company?

MakerDAO is a funded company, having raised a total of $***** in its 1st and only funding round, a Series A round on Sep 25, 2018.

When was the latest funding round of MakerDAO?

MakerDAO's latest funding was a $***** Series A round on Sep 25, 2018, with participation from 1 investor.

Where does MakerDAO rank among its competitors?

MakerDAO ranks 6th amongst 321 active competitors, of which 72 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was JPYC, which secured $17.6M in Apr, 2026.

Who are the top competitors of MakerDAO?

MakerDAO's top competitors include Circle, Terra and KAST. Among them, JPYC secured the most recent funding round in April, 2026.

MakerDAO - 2026 Company Profile, Team, Funding & Competitors

MakerDAO is a series A company based in San Francisco (United States), founded in 2014 by Rune Christensen and Nikolai Mushegian. It operates as a Stable coin based on Ethereum blockchain. MakerDAO has raised $63M in funding from Andreessen Horowitz. The company has 321 active competitors, including 72 funded and 6 that have exited. Its top competitors include companies like Circle, Terra and KAST.

Company Details

Stable coin based on Ethereum blockchain. Offers a collateral-backed stable coin named Dai and a governance token named MKR. MKR is used by stakeholders to maintain the system and manage Dai. The company offers Oasis which is a platform to trade & borrow Dai and earn savings on Dai by locking it into Oasis Save. Also provides a decentralized community of MKR token holders that govern the Maker Protocol & the smart contracts that power Dai.

Website: makerdao.com
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Key Metrics

Founded Year

2014

Location

San Francisco, United States

Stage

Series A

Total Funding

$63M in 1 round

Latest Funding Round

Series A, Sep 25, 2018, $*****

Investors

Andreessen Horowitz & 26 more

Ranked

6^th among 321 active competitors

Employee Count

51 - 200 as on Jul 01, 2024

Investment & Acquisitions

Multis & 3 more

Similar Companies

Circle & 538 more

View MakerDAO's full profile

MakerDAO has raised a total funding of $63M over 1 round. Its latest funding round was a Series A round on Sep 25, 2018 for $*****. 1 investor participated in its latest round. MakerDAO has 27 institutional investors.

Here is the list of recent funding rounds of MakerDAO:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 25, 2018	1424631	Series A	6691758	3749350	3642726	4619228

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View details of MakerDAO's funding rounds and investors

The founders of MakerDAO are Rune Christensen and Nikolai Mushegian.

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

Rune Christensen: Co-Founder of MakerDAO and founder of 1 other company. They are also an angel investor in 6 startups.
Contact Info: 1 email address
Nikolai Mushegian: Co-Founder of MakerDAO.

View details of MakerDAO's Founder profiles and Board Members

MakerDAO's employee count trend

MakerDAO has 51 - 200 employees as of Jul 24. Here is MakerDAO's employee count trend over the years:

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Top competitors of MakerDAO include Circle, Terra and KAST. Here is the list of Top 10 competitors of MakerDAO, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Circle 2013, Boston (United States), Public	Cross-border payment solution for businesses focusing on cryptocurrency	$1.5B	Fidelity Investments, BlackRock & 51 others	88/100
2nd	Terra 2018, Singapore (Singapore), Series B	Blockchain network for payments	$125M	Huobi, Binance Labs & 42 others	75/100
3rd	KAST 2024, Mutsamudu (Comoros), Series A	App-based platform offering stablecoins	$90M	Left Lane, QED Investors & 3 others	71/100
4th	Celo 2011, San Francisco (United States), Acquired	Blockchain-based stable coins for social payments and money transfers	$65M	Andreessen Horowitz, Polychain & 52 others	71/100
5th	StableCorp 2019, Toronto (Canada), Series A	Decentralized stable coin used for enabling B2B payments	$8.51M	FTP Ventures, VersaBank & 11 others	59/100
6th	MakerDAO 2014, San Francisco (United States), Series A	Stable coin based on Ethereum blockchain	$63M	2020 Ventures, A.Capital Ventures & 25 others	56/100
7th	TrustToken 2017, San Francisco (United States), Series A	Decentralized platform for physical asset tokenization	$32.5M	BlockTower, Jump Trading & 29 others	57/100
8th	Schuman Financial 2024, Paris (France), Seed	Developer of infrastructure for on-chain finance	$7.36M	RockawayX, Bankless Ventures & 5 others	57/100
9th	JPYC 2019, Chiyoda City (Japan), Series B	Prepaid Japanese Yen Stablecoin made on public blockchain	$36.1M	Headline, Ds Hd & 13 others	57/100
10th	1Money 2024, Bermuda, Seed	Provider of a stablecoin payments network	$20M	F-Prime Capital, Bing Ventures & 26 others	56/100

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MakerDAO has not made any acquisitions yet. MakerDAO has made 4 investments.

Here is the list of latest three $investments:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Feb 17, 2022	Investments	Multis	2019	San Francisco (United States)
Sep 27, 2021	Investments	CitaDAO	2021	Cardiff (United Kingdom)
Apr 12, 2021	Investments	Consensys	2014	Fort Worth (United States)