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- Mysten Labs
Mysten Labs Valuation, Funding & Investors
Mysten Labs is valued at $2B as of September 2022.
Last Mysten Labs valuation
$2B
Series B · Sep 2022
Last Mysten Labs funding round
$300M
Series B · Sep 2022
Cumulative funding Mysten Labs raised
$336M
across 2 funding rounds
Key investors in Mysten Labs
Andreessen Horowitz
Alumni Ventures
Lightspeed Venture Partners
Redpoint
Slow Ventures
Coinbase Ventures
About Mysten Labs
Mysten Labs is a Palo Alto-headquartered developer of web3 infrastructure. It created the Sui blockchain, a layer-1 network using Move programming language for high-throughput DeFi and gaming applications. Founded in 2021 by former Meta Diem engineers, Mysten Labs provides wallets, indexes, and RPC nodes supporting thousands of daily transactions. The firm partners with exchanges like Binance for Sui token listings.
Founded
2021
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
Valuation
$2B (Sep 2022)
Mysten Labs Valuation
Mysten Labs is currently valued at $2B, based on its Series B in September 2022.
The $300M round was led by FTX Ventures.
Mysten Labs valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Sep 2022 | Series B | $2B |
Mysten Labs Funding History
Mysten Labs has raised a total of $336M across 2 funding rounds.
Mysten Labs' first fundraising round was a $36M Series A in December 2021. The most recent completed round was a $300M Series B in September 2022.
Mysten Labs funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2022 | Series B | FTX Ventures (lead) | $300M | $2B | Mysten Labs is a Web3 infrastructure company and developer of the Sui Layer 1 blockchain, focused on onboarding users to Web3 through scalable blockchain technology. In August/September 2022, it raised $300 million in a Series B funding round led by FTX Ventures, with participation from a16z crypto, Jump Crypto, Apollo, Binance Labs, Franklin Templeton, Coinbase Ventures, Circle Ventures, Lightspeed Venture Partners, Sino Global, Dentsu Ventures, Greenoaks Capital, and O’Leary Ventures, achieving a post-money valuation of over $2 billion. FTX Ventures invested approximately $101-102 million in preferred shares and Sui token warrants as part of this round. The funds were intended to expand the team, accelerate Sui’s mainnet launch, invest in the Sui ecosystem, and grow into the APAC region. This followed a $36 million Series A in December 2021 led by a16z crypto. In March 2023, amid FTX's bankruptcy, Mysten Labs agreed to repurchase FTX Ventures' stake and warrants for $95-96.3 million, nearly recovering FTX's investment. The valuation reflects strong investor interest in Sui's high-performance blockchain amid the crypto market despite subsequent downturns. |
| Dec 2021 | Series A | Andreessen Horowitz (lead); Redpoint; Samsung NEXT; Slow Ventures; Coinbase Ventures; Scribble Ventures; Alumni Ventures; NFX; Lightspeed Venture Partners; Standard Crypto; Electric Capital | $36M | - | Mysten Labs, founded by veterans of Meta's Novi Research division including CEO Evan Cheng and lead architects of the Diem blockchain and Move programming language, raised $36 million in a Series A funding round on December 7, 2021. The round was led by Andreessen Horowitz (a16z) with participation from Lightspeed Venture Partners, Electric Capital, Coinbase Ventures, LUX Capital, Elad Gil, Hack VC, Samsung NEXT, NFX, Standard Crypto, Bienville, Fellows Fund, Slow Ventures, Redpoint Ventures, and others. The company is building Sui, a decentralized proof-of-stake Layer 1 blockchain designed to enable creators and developers across gaming, social media, finance, and other fields to build scalable user experiences. Sui leverages novel data structures and consensus algorithms to enable horizontal scaling of throughput and storage while maintaining extremely low transaction costs. Following the Series A, Mysten Labs subsequently closed a $300 million Series B round led by FTX Ventures at a valuation exceeding $2 billion, with additional participation from a16z crypto, Jump Crypto, Apollo, Binance Labs, Franklin Templeton, Coinbase Ventures, Circle Ventures, and others. The Series B funding and subsequent development positioned Mysten Labs as a significant Layer 1 blockchain infrastructure player during a period of substantial Web3 investment. |
Who has invested in Mysten Labs?
12 investors have backed Mysten Labs across its funding rounds, including Andreessen Horowitz, Alumni Ventures, Lightspeed Venture Partners, Redpoint, Slow Ventures and Coinbase Ventures.
Lead investors include FTX Ventures and Andreessen Horowitz.
Mysten Labs Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Dec 2021 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Lead | Sep 2022 | ||
| 1 | Lead | Dec 2021 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Participant | Dec 2021 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Mysten Labs
Mysten Labs has acquired 1 company to date.
Last acquisition by Mysten Labs was on March 7th 2025. Mysten Labs acquired Parasol for undisclosed valuation.
Latest Acquisitions by Mysten Labs
| Description | Parasol is a blockchain development firm building decentralized applications and networks for financial institutions. Operating on Ethereum and Cosmos, it launches custom blockchains with features like zero-knowledge proofs for privacy-preserving transactions, serving banks with parasol.xyz infrastructure. |
| HQ Country | |
| HQ City | San Francisco, CA |
| Deal Date | 7 Mar 2025 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Mysten Labs acquisitions and their M&A valuation multiples. Start Free Trial | |
Investments by Mysten Labs
Mysten Labs has invested in 18 companies to date.
Latest investment by Mysten Labs was on March 18th 2026. Mysten Labs invested in Myriad in their Seed round.
Latest Investments by Mysten Labs
| Description | Myriad Markets is a decentralized prediction-market protocol for trading short-term outcome-based markets on events in crypto, sports, politics, gaming, and culture. | - | - | FanTV AI is a Web3 platform empowering creators to generate and monetize digital media using AI agents. It facilitates production of videos, music, podcasts, web series, and vlogs from text prompts, with earnings via engagement metrics, creator tokens, and decentralized mechanisms. Originally on Polygon and now on Sui blockchain, FanTV supports 8 million on-chain wallets, 80,000 creators, and over 30 million content transactions. The platform promotes ownership and fair revenue sharing in the creator economy. | |
| HQ Country | - | - | |||
| HQ City | - | - | - | Dubai | |
| Deal Date | 18 Mar 2026 | 31 Aug 2025 | 1 Aug 2025 | 27 Feb 2025 | |
| Round | Seed | Seed | Seed | Series A | |
| Raised | undisclosed | $15M | $20M | $3M | |
| Investors | Auros; Old Fashion Research; Verda Ventures; Side Door Ventures; Igloo; Everest Ventures Group; MoonPay Ventures; Luca Netz; Wave Digital Assets; Thomas Lee | MH Ventures; io.net; Baseline Emirates; Nesa Capital; Aethir; Selini Capital | Pantera Capital; Mirana; Hashed; Coinbase Ventures; Fabric Ventures; Susquehanna International Group; Variant | Illuminati Capital; CoinSwitch; Cypher Capital | |
| Valuation | undisclosed | $250M | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Mysten Labs investments and their VC round multiples. Start Free Trial | |||||
Mysten Labs Competitors
Mysten Labs competitors include listed companies like Sharplink and Securitize, and private ones like 21.co, Aptos, Babel Finance and CertiK.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $100M | - | $2B | - | ||
| Private | - | - | $2B | - | ||
| Private | - | - | $2B | - | ||
| Private | - | - | $2B | - | ||
| Publicly listed | $28M | ($734M) | $1.8B | 39.9x | ||
| Publicly listed | $62M | ($34M) | $1.5B | 22.2x |
Mysten Labs Public Comps
Mysten Labs is still privately-owned, but its public comps include Sharplink, Securitize, OSL Group, Hyperliquid Strategies, HashKey Holdings, BitGo Holdings, Indokripto Koin Semesta, Rhino Bitcoin, Stewards and Galaxy Digital.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $28M | ($734M) | 61.9x | 39.9x | (2.4x) | 141.1x | |||
| $62M | ($34M) | 25.5x | 22.2x | (46.0x) | (37910.8x) | |||
| $62M | ($48M) | 16.6x | 11.3x | (21.7x) | (23.2x) | |||
| $9M | - | 308.0x | 162.2x | - | - | |||
| $92M | ($109M) | 6.4x | - | (5.4x) | - | |||
| $16B | ($9M) | 0.1x | 5.5x | (125.1x) | 125.4x | |||
| $16M | $7M | 36.9x | - | 81.1x | - | |||
| $478K | ($417K) | 1242.8x | - | (1423.4x) | - | |||
This data is available for Pro users. Sign up to see all Mysten Labs competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Mysten Labs
| When was Mysten Labs founded? | Mysten Labs was founded in 2021. |
| Where is Mysten Labs headquartered? | Mysten Labs is headquartered in San Francisco, CA, United States. |
| Is Mysten Labs publicly listed? | No, Mysten Labs is a private, VC-backed company. |
| What is Mysten Labs' valuation? | Mysten Labs was last valued at $2B in its Series B in September 2022. |
| How much funding has Mysten Labs raised? | Mysten Labs has raised $336M across 2 funding rounds. |
| What was Mysten Labs' last funding round? | Mysten Labs' last funding round was a $300M Series B in September 2022, led by FTX Ventures. |
| Who are Mysten Labs' investors? | Mysten Labs' investors include Redpoint, Samsung NEXT, Slow Ventures, Coinbase Ventures, Scribble Ventures, FTX Ventures, Andreessen Horowitz, Alumni Ventures, NFX, Lightspeed Venture Partners and 2 others. |
| Which companies are comparable to Mysten Labs? | Companies comparable to Mysten Labs include 21.co, Aptos, Babel Finance, CertiK, Sharplink and Securitize. |
| How many companies has Mysten Labs acquired? | Mysten Labs has acquired 1 company, including Parasol. |
| How many companies has Mysten Labs invested in? | Mysten Labs has invested in 18 companies, including Myriad, Everlyn, Subzero Labs, FanTV AI, EarnOS, Shinami, Switchboard and Anapaya. |
| What was Mysten Labs' last investment? | In March 2026, Mysten Labs invested in Myriad's seed round alongside Auros, Old Fashion Research, Verda Ventures and 7 other investors. |
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