Startup profile · funding coverage
Lido Finance
Liquid staking protocol for Ethereum and proof-of-stake assets.
Stage
growth
Status
private
Coverage
full
Why Lido Finance is interesting
Lido democratizes ETH staking via stETH; DCG joined Paradigm's 2021 round before a16z's 2022 stake.
Key facts
- Token round (Mar 2022): $70M strategic purchase led by a16z — CoinDesk
- Prior (May 2021): $73M led by Paradigm; DCG participated — TechCrunch
- Liquid staking for Ethereum and PoS assets — among largest staking protocols by TVL
Investors in our directory
Funds linked from Lido Finance's profile — open a fund page for stage focus and related deal articles.
Industries
Crypto & Web3 Fintech
Industry hub pages are rolling out from our fund-derived baseline taxonomy.
FAQs about Lido Finance
Funding context and why this company shows up in venture coverage.
Lido Finance is a liquid-staking protocol that lets users stake Ethereum and receive stETH tokens that remain usable in DeFi while earning staking rewards.
Andreessen Horowitz (see /fund/andreessen-horowitz) led a $70M strategic token purchase in 2022; Digital Currency Group (/fund/digital-currency-group) participated in the 2021 round led by Paradigm (not in our fund directory).
Lido raised $73M in May 2021 and a $70M strategic round led by a16z in March 2022.
Ethereum's shift to proof-of-stake created demand for liquid staking; Lido's stETH is among the most widely used staking derivatives.
Lido Finance operates as a decentralized protocol; it is not a publicly traded company.
Last updated: 2026-07-24