# Ethena funding: rounds and investors > Ethena has raised $60M across 3 rounds since 2022. Investors include MEXC Ventures, Alumni Ventures and Felicis. Every round with its source. Source: https://millionrounds.com/company/ethena (Millionrounds; every figure on the page links to its filing or article) Portugal · [Venture startup](https://millionrounds.com/companies) # Who invested in *Ethena* 3 rounds we have observed, with the 9 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. DeFi Fintech Web3 & Crypto Raised 5 months ago Follow Ethena and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Fethena) Funding summary Updated 5 Nov 2026 **$60M** raised across 3 rounds since 2022, from 3 sources **$30M** Series B **$30M** Round - **Latest round:** Venture Jun 2026 - **Biggest round:** $30M Round · Oct 2025 - **Investors:** 9 (1 led) See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2023 2024 2025 2026 **$30M** Series B **$30M** Round **?** Venture - **First round:** Series B, $30M - **Biggest round:** $30M - **Usual gap between rounds:** 3.3 years ## The rounds - **Jun 2026** Venture **Amount undisclosed** *3 new* [Coinbase Ventures](https://millionrounds.com/fund/coinbase) [Franklin Templeton](https://millionrounds.com/fund/franklin-templeton) [YZi Labs](https://millionrounds.com/fund/yzi-labs) Source recorded - **Oct 2025** Round **$30M** *1 new* [MEXC Ventures](https://millionrounds.com/fund/mexc-ventures) Lead Reported by Ventureburn - **Jun 2022** Series B **$30M** *5 new* [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) [Felicis](https://millionrounds.com/fund/felicis-ventures) [Neo](https://millionrounds.com/fund/neo) [Village Global](https://millionrounds.com/fund/village-global-2) [Homebrew](https://millionrounds.com/fund/homebrew) Source recorded SEC filing: $30M sold, first sale Apr 2022 ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Series B** 2022 **Round** 2025 **Venture** 2026 [MEXC Ventures](https://millionrounds.com/fund/mexc-ventures) L [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) [Felicis](https://millionrounds.com/fund/felicis-ventures) [Coinbase Ventures](https://millionrounds.com/fund/coinbase) [Neo](https://millionrounds.com/fund/neo) [Village Global](https://millionrounds.com/fund/village-global-2) [Franklin Templeton](https://millionrounds.com/fund/franklin-templeton) [YZi Labs](https://millionrounds.com/fund/yzi-labs) [Homebrew](https://millionrounds.com/fund/homebrew) ## Everyone who backed them [MEXC Ventures](https://millionrounds.com/fund/mexc-ventures) VC firm **1** round, led 1 [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) VC firm **1** round [Felicis](https://millionrounds.com/fund/felicis-ventures) VC firm **1** round [Coinbase Ventures](https://millionrounds.com/fund/coinbase) Corporate VC **1** round [Neo](https://millionrounds.com/fund/neo) Accelerator **1** round [Village Global](https://millionrounds.com/fund/village-global-2) VC firm **1** round [Franklin Templeton](https://millionrounds.com/fund/franklin-templeton) Private equity **1** round [YZi Labs](https://millionrounds.com/fund/yzi-labs) VC firm **1** round [Homebrew](https://millionrounds.com/fund/homebrew) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=ethena). ## Quick answers about Ethena ### Who invested in Ethena? Ethena's investors include MEXC Ventures, Alumni Ventures, Felicis, Coinbase Ventures and Neo, and 4 more on record. ### How much has Ethena raised? Ethena has raised $60M across 3 rounds since 2022. One round did not disclose an amount, so the total is a floor. ### When did Ethena last raise? Ethena's most recent round was a Venture in Jun 2026. ### What was Ethena's biggest round? Ethena's largest round on record is $30M (Undisclosed round), in Oct 2025, led by MEXC Ventures. ### Who backed Ethena first? Ethena's first round on record, in Jun 2022, was backed by Alumni Ventures, Felicis and Neo and 2 others. ### What stage is Ethena at? Ethena's latest named round is a Venture, in Jun 2026. ### Where is Ethena based? Ethena is based in Portugal. ### Who led Ethena's rounds? MEXC Ventures led the Undisclosed round in 2025. ## Companies like Ethena In the same sector, and raised in the last eighteen months. [**Granter** $120K · Nov 2026](https://millionrounds.com/company/granter)[**Ekiden** $2.0M · May 2026](https://millionrounds.com/company/ekiden)[**Pliant** $123M · Nov 2026](https://millionrounds.com/company/pliant)[**Mamoon** $3.0M · Nov 2026](https://millionrounds.com/company/mamoon)[**mamun** $3.0M · Nov 2026](https://millionrounds.com/company/mamun)[**Crediflow AI** $2.0M · Nov 2026](https://millionrounds.com/company/crediflow-ai) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app