# dYdX funding: rounds and investors

> dYdX has raised $10M across 1 round since 2018. Investors include Dragonfly Capital Partners, Naval Ravikant and A16z Crypto. Every round with its source.

Source: https://millionrounds.com/company/dydx (Millionrounds; every figure on the page links to its filing or article)

United States · [Series A startup](https://millionrounds.com/companies)

# Who invested in *dYdX*

One round we have observed, with the 12 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Web3 & Crypto

Funding summary Updated 26 Oct 2026

**$10M** raised across 1 round since 2018, from 1 source

- **Latest round:** Series A, $10M Oct 2018
- **Investors:** 12

See who backed them

## The rounds

- **Oct 2018** Series A **$10M** [Dragonfly Capital Partners](https://millionrounds.com/fund/dragonfly-capital-partners) [Naval Ravikant](https://millionrounds.com/fund/naval-ravikant) [A16z Crypto](https://millionrounds.com/fund/a16z-crypto) [Kindred Ventures](https://millionrounds.com/fund/kindred-ventures) [Elad Gil](https://millionrounds.com/fund/elad-gil) [Kevin Hartz](https://millionrounds.com/fund/a-star-co) [Bain & Company](https://millionrounds.com/fund/bain-and-company) [1confirmation](https://millionrounds.com/fund/1confirmation) [Craft](https://millionrounds.com/fund/craft) [Fred Ehrsam](https://millionrounds.com/fund/fred-ehrsam) Polychain Capital/ Abstract VY Reported by Medium

## Everyone who backed them

[Dragonfly Capital Partners](https://millionrounds.com/fund/dragonfly-capital-partners) VC firm **1** round

[Naval Ravikant](https://millionrounds.com/fund/naval-ravikant) VC firm **1** round

[A16z Crypto](https://millionrounds.com/fund/a16z-crypto) VC firm **1** round

[Kindred Ventures](https://millionrounds.com/fund/kindred-ventures) VC firm **1** round

[Elad Gil](https://millionrounds.com/fund/elad-gil) VC firm **1** round

[Kevin Hartz](https://millionrounds.com/fund/a-star-co) VC firm **1** round

[Bain & Company](https://millionrounds.com/fund/bain-and-company) VC firm **1** round

[1confirmation](https://millionrounds.com/fund/1confirmation) VC firm **1** round

[Craft](https://millionrounds.com/fund/craft) Growth equity **1** round

[Fred Ehrsam](https://millionrounds.com/fund/fred-ehrsam) VC firm **1** round

Polychain Capital/ Abstract no record of our own yet **1** round

VY no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=dydx).

## Also claim to have backed them

These 8 firms list dYdX as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Abstract Ventures](https://millionrounds.com/fund/abstract) VC firm Per its own site

[Paradigm](https://millionrounds.com/fund/paradigm) VC firm Per its own site

[Electric Capital](https://millionrounds.com/fund/electric-capital) VC firm Per its own site

[Proxima](https://millionrounds.com/fund/proxima) VC firm Per its own site

[KPK](https://millionrounds.com/fund/kpk) VC firm Per its own site

[BR Capital](https://millionrounds.com/fund/br-capital) VC firm Per its own site

[Cosmos Network](https://millionrounds.com/fund/cosmos-network) Investment firm Per its own site

[Intersection Growth Partners](https://millionrounds.com/fund/intersection-growth-partners) Advisor Per its own site

## Quick answers about dYdX

### Who invested in dYdX?

dYdX's investors include Dragonfly Capital Partners, Naval Ravikant, A16z Crypto, Kindred Ventures and Elad Gil, and 7 more on record.

### How much has dYdX raised?

dYdX has raised $10M across 1 round since 2018.

### When did dYdX last raise?

dYdX's most recent round was a Series A of $10M in Oct 2018.

### What was dYdX's biggest round?

Its most recent round, $10M in Oct 2018, is also its largest on record.

### Who backed dYdX first?

dYdX's first round on record, in Oct 2018, was backed by Dragonfly Capital Partners, Naval Ravikant and A16z Crypto and 9 others.

### What stage is dYdX at?

dYdX's latest named round is a Series A, in Oct 2018.

### Where is dYdX based?

dYdX is based in the United States.

## Companies like dYdX

In the same sector, and raised in the last eighteen months.

[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**STRIVE** $1.3B · Oct 2026](https://millionrounds.com/company/strive)[**Arda** $233M · Oct 2026](https://millionrounds.com/company/arda)[**Binance.US** $300M · Oct 2026](https://millionrounds.com/company/binance-us)[**Fission** $10M · Oct 2026](https://millionrounds.com/company/fission)[**Ramp** $4.5B · Oct 2026](https://millionrounds.com/company/ramp)

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