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Legend Labs funding, valuation and investors
DeFi super-app with embedded smart-wallet UX from ex-Compound executives.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Seed
$15M · February 2025
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
$15M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
seed · New York, New York
Overview
Legend Labs, founded by executives including alumni from Compound Finance, is building a DeFi super-app that bundles borrowing, lending, trading, and yield strategies behind an embedded smart-wallet experience aimed at mainstream users. The company raised a $15 million seed round in February 2025 led by a16z crypto with Coinbase Ventures participating per Fortune reporting. Legend positions itself as abstracting wallet complexity—gas, bridging, and protocol selection—while keeping users non-custodial via smart-wallet infrastructure.
Why Legend Labs is interesting
Legend Labs simplifies onchain borrow, lend, and trade in one consumer shell; a16z crypto led $15M seed with Coinbase Ventures as DeFi UX finally targets normies post-2022 collapse.
Product & use cases
Legend Labs combines DeFi primitives—lending, swaps, yield—in a mobile-first app with smart-wallet onboarding, hiding chain and gas complexity from end users.
- Retail users accessing DeFi yield without managing seed phrases manually
- Cross-protocol borrowing and lending in one interface
- Onboarding crypto-curious users post-ETF era with simplified UX
Key facts
- Seed (Feb 2025): $15M led by a16z crypto (Fortune)
- Coinbase Ventures participated
- Founded by ex-Compound team
- DeFi super-app with embedded smart-wallet UX
Funding history (newest first)
Seed
2025-02 $15M- Andreessen Horowitz (lead)
- Coinbase Ventures (participant)
Source: https://fortune.com/2025/02/legend-labs-defi-super-app-seed-funding-a16z-crypto/
Investors in our directory
Funds linked from Legend Labs's profile — open a fund page for stage focus and related deal articles.
Competitive landscape
Edge: Compound-era DeFi engineering pedigree plus a16z crypto and Coinbase Ventures distribution signal—focused on UX layer not new protocols.
DeFi super-apps repeatedly failed to retain retail users through bear markets. Legend bets smart wallets and better abstraction win in 2025; risk is incumbents copying UX while regulatory pressure limits yield marketing.
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MetaMask / Rabby incumbent
General wallets; Legend adds bundled DeFi super-app UX.
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Coinbase Wallet / Base apps direct
Coinbase Ventures invested but also competes on consumer crypto UX.
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DeFiLlama aggregator UIs adjacent
Analytics and links vs full embedded execution.
Notable stories
- Team pedigree from Compound Finance—protocol that defined DeFi lending UX era.
- Coinbase Ventures co-investment creates both validation and strategic tension as competitor.
- Seed closed as crypto markets recovered and smart-wallet standards (ERC-4337) matured.
Industries
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