When was Pendle founded?

Pendle was founded in 2020 and raised its 1st funding round 1 year after it was founded.

Where is Pendle located?

Pendle is headquartered in Remote, United States.

Who is the current CEO of Pendle?

TN Lee of Pendle. They have also founded 1 company.

How many employees does Pendle have?

As of May 31, 2026, the latest employee count at Pendle is 38.

Is Pendle a funded company?

Pendle is a funded company, having raised a total of $3.5M across 4 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Apr 16, 2021.

When was the latest funding round of Pendle?

Pendle's latest funding was a $***** Series A round on Nov 10, 2023, with participation from 1 investor. Its primary sector is Cryptocurrencies. In United States, the Cryptocurrencies sector has seen $1.33B in funding in 2026 to date.

Where does Pendle rank among its competitors?

Pendle ranks 46th amongst 990 active competitors, of which 256 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Ripple, which secured $200M in May, 2026.

Who are the top competitors of Pendle?

Pendle's top competitors include Ripple, Terra and Compound. Among them, Ripple secured the most recent funding round in May, 2026.

Pendle - 2026 Company Profile, Team, Funding & Competitors

Pendle is a series A company based in Remote (United States), founded in 2020 by Vu Nguyen and TN Lee. It operates as a Provider of blockchain-enabled financial protocol for trading tokens. Pendle has raised $3.5M in funding from Spartan Group and Mechanism Capital. The company has 990 active competitors, including 256 funded and 28 that have exited. Its top competitors include companies like Ripple, Terra and Compound.

Company Details

Provider of blockchain-enabled financial protocol for trading tokens. It enables the trading of tokenized future yield on an AMM system. It supports multiple protocols and assets for the management of yield on a single platform. Transactions are verified & handled by smart contracts.

Website: www.pendle.finance/
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Key Metrics

Founded Year

2020

Location

Remote, United States

Stage

Series A

Total Funding

$3.5M in 4 rounds

Latest Funding Round

Series A, Nov 10, 2023, $*****

Investors

Spartan Group & 20 more

Ranked

46^th among 990 active competitors

Employee Count

38 as on May 31, 2026

Investment & Acquisitions

Curvance

Similar Companies

Compound & 873 more

View Pendle's full profile

Pendle has raised a total funding of $3.5M over 4 rounds. Its first funding round was on Apr 16, 2021. Its latest funding round was a Series A round on Nov 10, 2023 for $*****. 1 investor participated in its latest round. Pendle has 21 institutional investors.

Here is the list of recent funding rounds of Pendle:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 10, 2023	5381612	Series A	7943673	9542434	8608956	3176455
Aug 23, 2023	6575876	Series A	2864954	3125896	9785180	Binance
Apr 28, 2021	3283215	ICO	8821654	4490732	9097749	3273216

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View details of Pendle's funding rounds and investors

The founders of Pendle are Vu Nguyen and TN Lee. TN Lee is the CEO of Pendle.

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

Vu Nguyen: Co-Founder & CTO of Pendle.
Contact Info: 1 email address
TN Lee: Co-Founder & CEO of Pendle.
Contact Info: 1 email address

View details of Pendle's Founder profiles and Board Members

Pendle's employee count trend

Pendle has 38 employees as of May 26. Here is Pendle's employee count trend over the years:

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Top competitors of Pendle include Ripple, Terra and Compound. Here is the list of Top 10 competitors of Pendle, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	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 ... & 104 others	81/100
2nd	Terra 2018, Singapore (Singapore), Series B	Blockchain network for payments	$125M	Huobi, Binance Labs & 42 others	75/100
3rd	Compound 2017, San Francisco (United States), Series B	P2P lending platform based on the Ethereum blockchain	$79.4M	Andreessen Horowitz, Polychain & 31 others	71/100
4th	Injective 2018, New York City (United States), Series A	Developer of a layer one blockchain for decentralised finance applications	$52.6M	Pantera Capital, Jump Crypto & 23 others	71/100
5th	Brahma 2021, Delhi (India), Acquired	Blockchain-based network for Defi applications in the finance industry	$6.71M	Framework Ventures, Greenfield Capital & 13 others	70/100
6th	Figment 2018, Toronto (Canada), Series C	Online platform for the staking solution	$165M	Bonfire Ventures, Thoma Bravo & 57 others	69/100
7th	TRON 2017, Singapore (Singapore), Funding Raised	Blockchain-based explorer and wallets for cryptocurrencies	-	Rhapsody Ventures, Blockchain R&I & 10 others	68/100
8th	Pi Network 2019, Palo Alto (United States), Seed	Provider of blockchain-based platform offering to mine coins	-	137 Ventures, Ulu Ventures & 1 others	68/100
9th	ether.fi 2022, George Town (Cayman Islands), Series A	Liquid staking protocol	$32.3M	Chapter One, CoinFund & 28 others	66/100
10th	Taurus 2018, Geneva (Switzerland), Series B	Provider of institutional digital asset infrastructure offering custody, tokenization, and trading solutions	$65M	UBS, Deutsche Bank & 8 others	63/100
46th	Pendle 2020, Remote (United States), Series A	Provider of blockchain-enabled financial protocol for trading tokens	$3.5M	Skycatcher, HashKey Capital & 19 others	52/100