Lighter
PrivateLast Round
Series B
Nov 11, 2025
Est. Valuation
$1.5B
Total Funding Raised
$68M
Momentum
Top 25%
of companies Caplight tracks
Company Overview
Lighter operates in Crypto & Web3 and is based in Miami, Florida. Its latest recorded funding round was a Series B round in November 2025.
Lighter is a fintech company that operates a decentralized perpetual futures and spot exchange built as an application-specific zero-knowledge rollup on Ethereum.
Sector
Crypto & Web3
Verticals
DeFi, Crypto Exchanges, Blockchain Infrastructure, Layer 2 Solutions
Business Model
B2B2C
Customer Profile
Usage-Based SaaS, Revenue Share
AI Layer
Non-AI
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Lighter Comparables
Compare Lighter with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Paradex | 81% | |
| dYdX | 81% | |
| SynFutures | 80% |
For institutional investors. Book with your work email.
Lighter Funding Rounds
Historical fundraising activity
For institutional investors. Book with your work email.
Key People
Founding team and executive leadership
For institutional investors. Book with your work email.
Lighter Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Progression Fund | Series B |
| Craft Ventures | VC Round |
| Founders Fund | Series B |
| Haun Ventures | Series B, VC Round |
| Dragonfly Capital | VC Round, Series B |
| Robot Ventures | VC Round, Series B |
| Alpen Capital | Series B |
For institutional investors. Book with your work email.
Market signals
Structured signals derived from secondary market and firmographic data.
- Aug 20, 2026
Grew 21% QoQ, from 19 to 23 employees.
- Apr 24, 2026
Launched Multi-Asset Margin for non-USDC collateral.
For institutional investors. Book with your work email.
Lighter Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
Book a demoFor institutional investors. Book with your work email.
Frequently Asked Questions
Common questions about Lighter's valuation, stock price, and market status.
Is Lighter a public or private company?
Lighter is a private company.
What is the current stock price of Lighter?
Lighter is a private company, so its shares have no public market price. Caplight tracks Lighter's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Lighter worth (valuation)?
Lighter's valuation is estimated at $1.5B based on funding round data.
Can I buy Lighter stock?
Lighter shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Lighter's last funding round?
Lighter's most recent funding round was Series B on November 11, 2025.
Who are the main investors in Lighter?
Key investors in Lighter include Craft Ventures, Founders Fund, Haun Ventures, Ribbit Capital.
Will Lighter IPO soon?
No public IPO plans have been announced for Lighter.
How can I track Lighter secondary market activity?
Caplight tracks bids, offers, and trades in Lighter's shares on secondary markets.