Compound

About

Compound is an open-source interest rate protocol that unlocks new financial applications.

San Francisco,California,United States
https://compound.finance

Highlights

Details

Last Funding Type: Seed
Last Funding Money Raised: $8.20M
Industries: Blockchain,Cryptocurrency,Ethereum,Finance,FinTech
Founded date: Aug 1, 2017
Operating Status: Active
Stock Symbol: :COMP
Legal Name: Compound Labs, Inc.
Also Known As: Compound Labs,Compound Crypto

Compound is an open-source interest rate protocol that unlocks new financial applications for developers. Its protocol is a widely used system built on Ethereum, with thousands of users, and dozens of applications integrating Compound. Compound offers a web interface that adjusts money market interest rates based on asset-specific supply and demand.

Compound was founded on 2017 and is headquartered in San Francisco, California.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

5

$70.83M

Compound has raised a total of $70.83M in funding over 2 rounds. Their latest funding was raised on Nov 4, 2022 from a Debt Financing round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Nov 4, 2022	Debt Financing	$37.63M	—	—	—	Detail
Jun 15, 2020	IPO	—	—	—	—	Detail
Jan 1, 2020	Series Unknown	—	1	—	—	Detail
Nov 14, 2019	Series A	$25M	4	Andreessen Horowitz	—	Detail
May 16, 2018	Seed	$8.20M	17	Polychain Andreessen Horowitz Bain Capital Ventures	—	Detail

Investments

Number of Investments

Number of Lead Investments

1

0

Compound has made 1 investments. Their most recent investment was on Jun 9, 2022, when PartyDAO raised $16.40M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Jun 9, 2022 PartyDAO	Series Unknown	$16.40M	Blockchain	—

Investors

Number of Lead Investors

Number of Investors

4

19

Compound is funded by 19 investors. Andreessen Horowitz and New Form Capital are the most recent investors.

Investor Name	Lead Investor	Funding Round
Andreessen Horowitz	Yes	Series A
New Form Capital	—	Series Unknown
Polychain	—	Series A
Bain Capital Ventures	—	Series A
Paradigm	—	Series A
Coinbase Ventures	—	Seed
Abstract Ventures	—	Seed
Alex Marinier	—	Seed
Buck Stash	—	Seed
Cashican People LLC	—	Seed