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Total amount raised
$71M
Latest funding date
2025-03-09
Location
Compound has successfully raised funding over five rounds, with the latest being a Venture - Series Unknown. The platform is an open-source interest rate protocol that unlocks new financial applications.
What Is Compound?
Compound is an open-source interest rate protocol that unlocks new financial applications. The company operates in the blockchain, cryptocurrency, decentralized finance (DeFi), Ethereum, finance, and fintech industries.
Based in San Francisco, California, Compound was co-founded by Robert Leshner and Geoffrey Hayes. The company has made significant strides in the financial technology sector, building one of the most widely used decentralized lending and borrowing protocols on Ethereum.
How Much Funding Has Compound Raised?
- Seed Round
- Amount Raised: USD 8,200,000
- Date: May 2018
- Lead Investors: Andreessen Horowitz, Bain Capital Ventures, Polychain Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of the platform and create money markets for cryptographic assets.
- Series A
- Amount Raised: USD 25,000,000
- Date: November 2019
- Lead Investors: Andreessen Horowitz
- Participants: Paradigm, Bain Capital Ventures, Polychain Capital
- Valuation at Round: USD 90,000,000
- Motivation Behind the Round: To expand platform accessibility and integrate with crypto exchanges, custodians, and wallets.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: January 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing development and scaling of the platform.
- Debt Financing
- Amount Raised: USD 37,634,255
- Date: November 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity and support operational expenses.
- Series Unknown
- Amount Raised: USD 95,000
- Date: March 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue platform enhancements and explore new financial applications.
Total Amount Raised: At least USD 70,929,255 based on disclosed funding (Venture Round January 2020 amount undisclosed).
Current Valuation: Not publicly disclosed
Key Investors
- Andreessen Horowitz
- Details: Andreessen Horowitz (a16z) is a prominent venture capital firm known for investing in technology companies. They led both Compound's Seed round and Series A, having worked with the team since 2018.
- Investment Focus Areas: Technology, software, internet companies.
- Notable Investments: Facebook, Airbnb, Coinbase.
- Bain Capital Ventures
- Details: Bain Capital Ventures is a global private investment firm. They co-led Compound's Seed round and also participated as an investor in Compound's Series A round.
- Investment Focus Areas: Technology, healthcare, industrials, consumer products.
- Notable Investments: LinkedIn, Burger King, Virgin Voyages.
- Polychain Capital
- Details: Polychain Capital is a cryptocurrency investment firm focused on blockchain technology and digital assets. They co-led Compound's Seed round and participated in the Series A round.
- Investment Focus Areas: Blockchain technology, cryptocurrencies, decentralized finance (DeFi) projects.
- Notable Investments: Dfinity, Filecoin, MakerDAO.
- Paradigm
- Details: Paradigm is a crypto-focused investment firm that participated in Compound's Series A round alongside Andreessen Horowitz.
- Investment Focus Areas: Blockchain technology, decentralized finance, crypto protocols.
- Notable Investments: Uniswap, FTX, OpenSea.
- NodeRise Capital
- Details: NodeRise Capital is an investment firm that focuses on early-stage technology companies. They are listed among the most recent investors in Compound per Crunchbase.
- Investment Focus Areas: Technology, blockchain, fintech.
- Notable Investments: Not publicly disclosed.
- Davoa Capital
- Details: Davoa Capital is an investment firm specializing in high-growth technology companies. They are also listed among the most recent investors in Compound per Crunchbase.
- Investment Focus Areas: Technology, blockchain, fintech.
- Notable Investments: Not publicly disclosed.
What's Next for Compound?
Compound's future looks promising as it aims to expand its platform by integrating with major crypto exchanges and wallets, making it more accessible to everyday users. This move could significantly increase its user base and transaction volume, leveraging the growing interest in decentralized finance (DeFi) platforms.
With the recent $25 million Series A funding led by Andreessen Horowitz, Compound is well-positioned for future fundraising opportunities. The platform's growth and increased accessibility are likely to attract more venture capital and institutional investors, further fueling its expansion.
However, Compound may face challenges such as regulatory scrutiny and technical hurdles in integrating with various crypto exchanges. Maintaining security and trust in a decentralized system will also be crucial to prevent hacks and fraud. Despite these challenges, the potential for growth in the DeFi space remains substantial.
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