Lit Protocol Reaches $17.7M in Total Funding
Lit Protocol has closed a pre-TGE funding round with RRE, a new investor, and follow-on support from Collab+Currency, Sferimon, Protocol Labs, and Village Global. With Lit Protocol’s V0 traction ahead of TGE, which includes >$415m AUM, the pre-TGE funding sets the network up for a powerful token and V1 launch. Below you’ll find the distribution of tokens to investors, the lock ups, and a select list of Lit Protocol backers!
Funding & Token Allocation Breakdown
| Funding Type | Capital Raised | Token Allocation | Token Vesting |
|---|---|---|---|
| Venture | $16,565,000 | 173,961,364 (17.4%) | 1 year lock at TGE, followed by 2 year linear vesting |
| Community | $1,152,634 | 8,257,789 (0.82%) | 21% liquid at TGE, 17% vests linearly over one year, 62% locked for one year |
Lit Protocol is Backed by a Global Network of Builders and Pioneers
Here are the supporters who have backed Lit Protocol across every stage of our journey:
Institutional & Venture Funds
RRE Ventures · Collab+Currency · CMT Digital · Crowdcreate · G1 Ventures · Gumi Cryptos · Kleiner Perkins · Lattice Capital · Longhash Ventures · Protocol Labs · Shima Capital · 1kx · 6th Man Ventures · A Capital · Eniac · Karatage · Proof Group · Figment Capital · The LAO · Opensea Ventures · Slow Ventures · Spaceship DAO · Upward Capital · Valhalla Ventures · Village Global · Visary Capital · Tribe Capital · Sfermion
Angels & Industry Operators
Balaji Srinivasan · David Grossblatt · David Phelps · David Wachsman · Francis Haugen · Gregory Rocco · Josh Goldfarb · Marc Bhargava · Michael Sena · Patricio Worthalter · Ricky Mendoza · Ryan Li · Ryan Selkis · Stefaan Vervaet · Stani Kulechov · Tom Trowbridge
Community Sale Participants
Hundreds of people from around world via Legion.cc
Next Up: Lit v1
With the token launch and Lit V1 mainnet coming up, Lit Protocol is entering its next chapter, transitioning into a tokenized network. Lit v1 is not the finish line, but the next step in our new era for secure and programmable cryptography.
Thank you to everyone who has supported this journey so far, including investors, partners, ecosystem builders, and community! If you haven’t already, join the Lit community and follow along as the network approaches this next milestone.