# Lido Finance

> Liquid staking protocol for Ethereum and proof-of-stake assets.

## Why it is interesting

Lido democratizes ETH staking via stETH; DCG joined Paradigm's 2021 round before a16z's 2022 stake.

## Profile

- **Stage:** growth
- **Status:** private
- **Industries:** crypto-web3, fintech
- **Coverage:** full
- **Last updated:** 2026-07-24

## 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

- https://venturecapitaltracker.com/fund/andreessen-horowitz
- https://venturecapitaltracker.com/fund/digital-currency-group

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Source: https://venturecapitaltracker.com/startup/lido-finance