on Feb 16, 2024, Ethena Labs raised $14 million in a Strategic funding round led by Dragonfly, Maelstrom
Ethena Labs raised $14 million in a Strategic funding round led by Dragonfly, Maelstrom with participation from Gemini Frontier Fund, Kraken Ventures, PayPal Ventures, BH Digital, Binance Labs, Deribit, Avon Ventures, Franklin Templeton, and others.
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Investors
Gemini Frontier Fund
Betting on the Future of Crypto.
Kraken Ventures
Investing in the Global Economies of the Future.
PayPal Ventures
PayPal's venture capital arm, investing in PayPal's strategic interest fields for return.
BH Digital
Crypto & Digital Asset Division.
Binance Labs
Realizing the Full Potential of Blockchain.
Deribit
Cryptocurrency Futures & Options Trading.
Avon Ventures
Subsidiary of Fidelity Investments.
Franklin Templeton
Global leader in asset management.