# Lightning Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lightning-labs

- Industry: Financial Services
- Headquarters: Palo Alto, US
- Website: www.lightning.engineering
- Total disclosed funding: $63M
- Latest round: Series B (Oct 27, 2021)
- Investors on record: 15

## About

Based in California, US, and founded in 2016 by CEO Elizabeth Stark, and Olaoluwa Osuntokun, Lightning Labs, Inc. develops the next generation of the decentralized, financial infrastructure that allows users to make transactions globally. In October 2021, Lightning Labs, Inc. raised USD 54.20 million in a Series B funding led by Valor Equity Partners, with participation from Baillie Gifford, Brevan Howard Asset Management, Goldcrest Capital, Kingsway Capital, Moore Strategic Ventures, and New York Digital Investment Group LLC.

The product line of the company includes next-generation Lightning-based financial infrastructure, which includes a technology stack like Pool that connects users that require access to bitcoin liquidity, Loop allows businesses, users, and routing node operators by using non-custodial bitcoin contracts to keep the liquidity flowing, and Neutrino that allows non-custodial Lightning wallets to verify transactions.

## Funding rounds

- Series B, Oct 27, 2021, $50M — Valor Equity Partners, Brevan Howard, Baillie Gifford, Goldcrest Capital, Kingsway Capital, Moore Strategic Ventures, New York Digital Investment Group LLC
- Series A, Feb 5, 2020, $10M — RRE Ventures, Goldcrest Capital, Ribbit Capital, M13, Craft Ventures, Race Capital, Stillmark
- Seed, Mar 15, 2018, $2.5M — Digital Currency Group, The Hive

## Investors

- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Seed
- The Hive (https://capitalatlas.ai/funds/the-hive) — Seed
- RRE Ventures (https://capitalatlas.ai/funds/rre-ventures) — Series A
- Goldcrest Capital (https://capitalatlas.ai/funds/goldcrest-capital) — Series A, Series B
- Ribbit Capital (https://capitalatlas.ai/funds/ribbit-capital) — Series A
- M13 (https://capitalatlas.ai/funds/m13) — Series A
- Craft Ventures (https://capitalatlas.ai/funds/craft-ventures) — Series A
- Race Capital (https://capitalatlas.ai/funds/race-capital) — Series A
- Stillmark (https://capitalatlas.ai/funds/stillmark) — Series A
- Valor Equity Partners (https://capitalatlas.ai/funds/valor-equity-partners) — Series B
- Brevan Howard — Series B
- Baillie Gifford (https://capitalatlas.ai/funds/baillie-gifford) — Series B
- Kingsway Capital (https://capitalatlas.ai/funds/kingsway-capital) — Series B
- Moore Strategic Ventures (https://capitalatlas.ai/funds/moore-strategic-ventures) — Series B
- New York Digital Investment Group LLC — Series B