Lightning Labs

Lightning Labs is a developer of the high-speed transaction protocol Lightning Network. The company is building the next generation of decentralized, resilient financial infrastructure.

Lightning Labs is developing Lightning: an open protocol layer that leverages the power of blockchains and smart contracts to make cheap, fast, private transactions available to anyone around the world.

Lightning Labs was founded in 2016 by Elizabeth Stark and Olaoluwa Osuntokun. The company is headquartered in San Francisco, California.

 

Lightning's open source, secure, and scalable Lightning systems enable users to send and receive money more efficiently than ever before. It also offer a series of verifiable, non-custodial Lightning-based financial services. 

 

Lightning Labs has built specifically for the Lightning Network, which is a layer-two solution that makes the Bitcoin blockchain more efficient. Bitcoin’s Lightning Network is currently used by El Salvador.

 

Lightning Labs' offerings include include Instant Payments, Scalability, Low Cost and Cross Blockchains. The company's latest product Taro, will allow stablecoins to be transferred on Bitcoin’s Lightning Network

 

Lightning Labs is backed by Valor Equity Partners, Baillie Gifford, Craft Ventures, Slow Ventures, the HiVE, Digital Currency Group, Ribbit Capital, Goldcrest Capital, and others. The company raised $70M in Series B round on Apr 04, 2022. This brings Lightning Labs' total funding to $82.5M to date.

 

 

  • Year founded: 2016
  • Funding Info: $82.5M over 3 Rounds (Latest Funding Type: Series B)
  • Yearly Revenue: NA
  • Employee Size: 11-50
  • Business Valuation: NA
  • City/Town: San Francisco
  • State: California
  • Country: United States
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