# Ethena Labs: Information technology & services, Lisbon, Portugal

> Ethena Labs: Ethena Labs is a decentralized finance (DeFi) startup founded in 2023 and headquartered in Lisbon, Portugal. Based in Lisbon, Portugal.

Source: https://millionrounds.com/startup/ethena-labs (Millionrounds; every figure on the page links to its filing or article)

Portugal · [Information technology & services startup](https://millionrounds.com/companies)

# Ethena Labs

Ethena Labs is a decentralized finance (DeFi) startup founded in 2023 and headquartered in Lisbon, Portugal.

Email

Funding reported Last round: Seed

Information technology & services Lisbon, Portugal

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Company summary

- **Founded:** 2023 3 years old
- **Team:** 11 11 to 50 people
- **Funding reported:** 20.5M as listed, currency not stated
- **Last round:** Seed Feb 2024

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Ethena Labs has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Ethena Labs

Ethena Labs is a decentralized finance (DeFi) startup founded in 2023 and headquartered in Lisbon, Portugal.

Led by CEO Guy Young, the company focuses on creating a scalable, censorship-resistant alternative to traditional stablecoins. Ethena Labs aims to transform the Ethereum blockchain into a crypto-native, yield-bearing synthetic dollar, operating independently of traditional banking systems. The company's flagship product, USDe, is a synthetic dollar fully backed by crypto collateral, designed to maintain a stable $1 peg through a delta-neutral hedging strategy. Ethena Labs also offers sUSDe, a yield-bearing version of USDe, and USDtb, a fiat-backed stablecoin that holds tokenized U.S. Treasuries. With over $220 million in funding and a valuation of approximately $300 million, Ethena Labs is committed to redefining digital money and expanding its offerings within the crypto and traditional finance ecosystems.

## What company datasets say Ethena Labs raised

Funding, as reported

Reported in all **20.5M** in the source's currency

Rounds **2**

Last round **Seed**

Last round size **1B**

Last round date **Feb 2024**

Investors listed **17**

## On 11 portfolio pages

Investors who name them

- [Maelstrom](https://millionrounds.com/fund/maelstrom)
- [AlphaLab Capital](https://millionrounds.com/fund/alphalab-capital)
- [Metalayer Ventures](https://millionrounds.com/fund/metalayer-ventures)
- [Ataraxia Capital](https://millionrounds.com/fund/ataraxia-capital)
- [Nascent](https://millionrounds.com/fund/nascent-2)
- [menon.vc](https://millionrounds.com/fund/menon-vc)
- [Hypersphere Capital](https://millionrounds.com/fund/hypersphere)
- [Faction](https://millionrounds.com/fund/lightspeed-faction)
- [Caladan (Prev AlphaLab Capital)](https://millionrounds.com/fund/caladan)
- [Mirana](https://millionrounds.com/fund/mirana)
- [The Astro Group LLC](https://millionrounds.com/fund/the-astro-group-llc)

Each firm lists Ethena Labs on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

blockchain decentralized finance yield farming yield generation metrics smart contracts airdrops defi native yield defi community tools yield users early access invite information technology & services blockchain community resources financial services finance invite code

Built with from their website

Google App Engine AWS Trusted Advisor PWA Lever TestFlight Chai Font Awesome CloudFlare Viewport Meta dc.js

+8 more

IBM ILOG CPLEX Optimization Studio Element UI SWIFT Varnish webpack Amazon S3 Firebase GitBook

- **Sector:** Information technology & services
- **Industry code:** NAICS 5231, 523999, SIC 6732
- **Region:** Lisbon
- **Revenue:** 600k a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/ethena-88a6d15a2d)

## Information technology & services in Portugal

Startups like it

- [**Infraspeak** Porto · founded 2015 *Raised*](https://millionrounds.com/company/infraspeak)
- [**Codacy** Lisboa · founded 2012 *Raised*](https://millionrounds.com/company/codacy)
- [**reckon.ai** Porto · founded 2021 *Raised*](https://millionrounds.com/company/reckon-ai)
- [**Meight** Lisbon · founded 2018 *Raised*](https://millionrounds.com/company/meight)
- [**Barkyn** Porto · founded 2017 *Raised*](https://millionrounds.com/company/barkyn)
- [**Litehaus** Lisbon · founded 2024 *Raised*](https://millionrounds.com/company/litehaus)
- [**Augusta Labs** Lisbon · founded 2024](https://millionrounds.com/startup/augusta-labs)
- [**Aptoide** Lisbon · founded 2011](https://millionrounds.com/startup/aptoide)

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