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- Offchain Labs
Offchain Labs Revenue, Valuation, Funding & Investors
Offchain Labs is valued at $1.2B as of August 2021, a 12.0x multiple on its last reported $100M revenue.
Last Offchain Labs valuation
$1.2B
Series B · Aug 2021
Last Offchain Labs funding round
$100M
Series B · Aug 2021
Offchain Labs revenue
$100M
Series B · Aug 2021
Key investors in Offchain Labs
Lightspeed Venture Partners
Pantera Capital
Ballistic Ventures
Redpoint
Coinbase Ventures
Ribbit Capital
About Offchain Labs
Offchain Labs is a New York-headquartered blockchain firm that builds Arbitrum, an optimistic rollup network scaling Ethereum transactions to 40,000 per second at low gas fees. The Arbitrum One mainnet launched in 2021 supports decentralized exchanges like Uniswap and lending protocols such as Aave. Offchain Labs develops Nitro software upgrade for EVM compatibility and Stylus for Rust and C++ smart contracts. The company raised $123 million in funding and operates Arbitrum Nova for high-throughput gaming applications.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Usage-based, Subscription
Revenue
$100M (Aug 2021)
Valuation
$1.2B (Aug 2021)
Offchain Labs Valuation
Offchain Labs is currently valued at $1.2B, based on its Series B in August 2021.
The $100M round was led by Lightspeed Venture Partners, with participation from Redpoint, Pantera Capital, Alameda Research, Mark Cuban, Ribbit Capital and 3 other investors.
Offchain Labs' valuation has moved from $1.2B at its Series A in April 2021 to $1.2B in August 2021, across 2 priced rounds.
Offchain Labs valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Aug 2021 | Series B | $1.2B | 12.0x |
| Apr 2021 | Series A | $1.2B | - |
Offchain Labs Revenue
Offchain Labs' latest recorded revenue is $100M, as of its Series B in August 2021. At a $1.2B valuation, that implies a 12.0x revenue multiple.
Offchain Labs revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Aug 2021 | $100M | $1.2B | 12.0x | Series B |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Offchain Labs Funding History
Offchain Labs has raised a total of $124M across 3 funding rounds.
Offchain Labs' first fundraising round was a $4M seed round in April 2019. The most recent completed round was a $100M Series B in August 2021.
Offchain Labs funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2021 | Series B | Lightspeed Venture Partners (lead); Redpoint; Pantera Capital; Alameda Research; Mark Cuban; Ribbit Capital; MCE Group; Ballistic Ventures; Polychain | $100M | $1.2B | Offchain Labs is a blockchain infrastructure company founded at Princeton University in 2018 by Steven Goldfeder, Ed Felten, and Harry Kalodner. The company develops Arbitrum, a Layer 2 scaling solution for Ethereum that uses optimistic roll-ups to execute transactions off-chain while posting transaction summaries secured on Ethereum. Arbitrum addresses Ethereum's scalability challenges by reducing gas fees by over 90% and increasing transaction throughput by orders of magnitude. On August 31, 2021, Offchain Labs closed a $100 million Series B funding round led by Lightspeed Venture Partners at a post-money valuation of $1.2 billion. The round included co-investors Alameda Research, Mark Cuban, Pantera Capital, Polychain Capital, Redpoint Ventures, and Ribbit Capital. This followed a $20 million Series A round raised in April 2021. The funding supported the public mainnet launch of Arbitrum One, which went live with over 400 application partners including Uniswap, AAVE, SushiSwap, and Chainlink. At the time of the Series B, Arbitrum had generated significant developer adoption and momentum. The platform launched to developers in beta in May 2021 with approximately 350 teams signing up for early access. The broader Ethereum ecosystem was experiencing high gas fees (averaging $6 per transaction) and scalability constraints as total value locked reached $116 billion, making Layer 2 solutions a critical area of investment and development. |
| Apr 2021 | Series A | Lightspeed Venture Partners | $20M | $1.2B | Offchain Labs develops blockchain infrastructure as a leading Ethereum Layer 2 scaling solution through Arbitrum, enabling faster and cheaper smart contracts, and also contributes to Prysm, an Ethereum consensus client. Founded in 2018 by Princeton researchers including Ed Felten, Steven Goldfeder, and Harry Kalodner, the company is headquartered in New York with an office in Princeton and over 130 employees. It acquired Prysmatic Labs in 2022 to bolster its Ethereum ecosystem contributions, focusing on innovations like Arbitrum Orbit, Stylus, and Arbitrum Nitro. The targeted funding round around January 2021 with Lightspeed Venture Partners appears to align with earlier Series B activity, though primary records point to a $20M raise in January 2021 followed by a major $100M Series B on August 31, 2021, led by Lightspeed alongside Alameda Research, Mark Cuban, Pantera Capital, Polychain Capital, Redpoint Ventures, Ribbit Capital, and ViaBTC Capital. This brought total funding to $123.7M across five rounds with 12 investors. |
| Apr 2019 | Seed | Pantera Capital (lead); Compound; George Lambeth; Coinbase Ventures; Ballistic Ventures; BlockNation | $4M | - | Offchain Labs, a Princeton University spin-out founded by Edward Felten (former White House Deputy CTO), Steven Goldfeder, and Harry Kalodner, raised $3.7 million in seed funding led by Pantera Capital in April 2019. The round also included investors Compound VC, Raphael Ouzan of Blocknation, Jake Seid of StoneBridge Ventures, and other unnamed investors. The company developed Arbitrum, a Layer 2 protocol designed to address blockchain scalability and privacy challenges by moving transactions off-chain while maintaining compatibility with Ethereum smart contracts. At the time of the funding announcement, Offchain Labs was planning to complete a beta version of Arbitrum and release it as open source to enable broader developer adoption. The company was positioned to compete in the enterprise blockchain space by offering faster, more private, and more cost-efficient solutions for distributed application development compared to existing blockchain infrastructure. |
Who has invested in Offchain Labs?
13 investors have backed Offchain Labs across its funding rounds, including Lightspeed Venture Partners, Pantera Capital, Ballistic Ventures, Redpoint, Coinbase Ventures and Ribbit Capital.
Lead investors include Lightspeed Venture Partners and Pantera Capital.
Offchain Labs Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Apr 2019 | ||
| 2 | Lead | Apr 2021 | ||
| 2 | Participant | Apr 2019 | ||
| 1 | Participant | Apr 2019 | ||
| 1 | Participant | Aug 2021 | ||
| 1 | Participant | Aug 2021 | ||
| 1 | Participant | Apr 2019 | ||
| 1 | Participant | Apr 2019 | ||
| 1 | Participant | Aug 2021 | ||
| 1 | Participant | Aug 2021 | ||
| 1 | Participant | Aug 2021 | ||
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Start Free TrialAcquisitions by Offchain Labs
Offchain Labs has acquired 2 companies to date.
Last acquisition by Offchain Labs was on August 13th 2025. Offchain Labs acquired ZeroDev for undisclosed valuation.
Latest Acquisitions by Offchain Labs
| Description | ZeroDev is a Tel Aviv-based Web3 infrastructure provider offering account abstraction for seamless user onboarding via social logins and email. Its SDK enables gasless transactions and session keys for dApps on Ethereum and Layer 2 networks. Developers integrate ZeroDev to abstract wallet complexities, supporting chains like Polygon and Optimism. The platform processes millions of smart account deployments annually. | Prysmatic Labs is an Atlanta-based developer of Ethereum consensus client software. Its Prysm client implements the beacon chain for Ethereum proof-of-stake, processing over 30% of network validations. Released in 2020, Prysm supports deposits, slashing, and sync committees, with integrations for Lighthouse and Teku execution layers. The open-source project contributes to Ethereum Improvement Proposals on client diversity. |
| HQ Country | ||
| HQ City | New York City, NY | New York City, NY |
| Deal Date | 13 Aug 2025 | 12 Oct 2022 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Offchain Labs acquisitions and their M&A valuation multiples. Start Free Trial | ||
Investments by Offchain Labs
Offchain Labs has invested in 6 companies to date.
Latest investment by Offchain Labs was on December 30th 2024. Offchain Labs invested in AlloyX in their $10M Seed round.
Latest Investments by Offchain Labs
| Description | AlloyX is a blockchain platform facilitating real-world asset investment strategies for protocols, decentralized autonomous organizations, and institutional investors. It enables creation of diversified portfolios of tokenized real-world assets such as real estate and commodities, with tools for yield optimization based on risk and liquidity parameters. Lenders access a dashboard for managing collateralized positions across multiple chains, including Ethereum and Solana. Headquartered in Singapore, AlloyX integrates with DeFi ecosystems to streamline RWA tokenization and trading. | DuckChain is a blockchain platform integrating Telegram users into decentralized finance through wallets and token swaps. The project enables seamless crypto transactions within chat groups, supporting assets on Ethereum and Binance Smart Chain. DuckChain facilitates community-driven DeFi participation with tools for staking and governance. | Darkbright Studios is an independent developer behind Smolbound, a Web3 life simulation RPG on the Solana blockchain. Launched in 2023, Smolbound features persistent worlds where players manage farms, trade assets, and engage in guild battles using NFTs for land and characters. Built with Unity and integrated with wallets like Phantom, the game hosts 10,000+ daily active users. Darkbright Studios operates remotely with a focus on play-to-earn economies. | Clique is a San Francisco-headquartered network coordinating decentralized compute resources including GPUs, oracles, and secure enclaves for blockchain applications. The platform allocates heterogeneous hardware for AI inference, privacy computations, and off-chain data feeds via smart contracts. Founded in 2022, Clique raised 11 million dollars from Polychain Capital and GGV Capital to support Ethereum and Solana ecosystems. | |
| HQ Country | |||||
| HQ City | Dover, DE | Singapore | Dover, DE | San Francisco, CA | |
| Deal Date | 30 Dec 2024 | 20 Dec 2024 | 23 Sep 2024 | 14 Mar 2024 | |
| Round | Seed | Seed | Seed | Series A | |
| Raised | $10M | $5M | $6M | $8M | |
| Investors | Kiln; Fern Win Capital; Whitecove Capital; Ming capital; PMT Capital; Solomon; Arbitrum Foundation | Gate; dao5; Kenetic; OKX Ventures; DWF Labs; Oak Grove Ventures; Richard Ma; Robert Viglione; iron boots; Presto; GeekCartel | Gam3Girl Ventures; Play Ventures; Zentry; Anthos Capital; RockawayX; Caballeros Capital; King River Capital; BITKRAFT Ventures | Balaji Srinivasan; Sandeep Nailwal; zkValidator; Polychain; Santiago Roel Santos; Bankless Ventures; Robot Ventures | |
| Valuation | $350M | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Offchain Labs investments and their VC round multiples. Start Free Trial | |||||
Offchain Labs Competitors
Offchain Labs competitors include listed companies like Arcs Co and PCITECH, and private ones like Ada, Glow, iCarbonX and Motive.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.2B | - | ||
| Private | - | - | $1.2B | - | ||
| Private | - | - | $1.2B | - | ||
| Private | $600M | - | $1.2B | - | ||
| Publicly listed | $4B | $185M | $1.3B | 0.2x | ||
| Publicly listed | $1.5B | $53M | $1.4B | 0.9x |
Offchain Labs Public Comps
Offchain Labs is still privately-owned, but its public comps include Optasia, Arcs Co, BigBear.ai, iFLYHealth, Extreme Vision, Appier Group, Rackspace, PCITECH, Rezolve AI and Beijing CTJ Info Tech.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $265M | $79M | 4.3x | 3.6x | 14.5x | 9.1x | |||
| $4B | $185M | 0.2x | 0.2x | 4.8x | 4.9x | |||
| $128M | ($295M) | 8.3x | 7.6x | (3.6x) | (27.8x) | |||
| $136M | ($7M) | 7.7x | 6.2x | (150.8x) | (144172.5x) | |||
| $44M | ($6M) | 22.8x | 11.6x | (163.7x) | - | |||
| $281M | $44M | 3.4x | 2.9x | 21.6x | 15.7x | |||
| $2.7B | $244M | 1.5x | 1.6x | 17.1x | 15.0x | |||
| $1.5B | $53M | 0.8x | 0.9x | 24.1x | - | |||
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Common questions about Offchain Labs
| When was Offchain Labs founded? | Offchain Labs was founded in 2018. |
| Where is Offchain Labs headquartered? | Offchain Labs is headquartered in New York City, NY, United States. |
| Is Offchain Labs publicly listed? | No, Offchain Labs is a private, VC-backed company. |
| What is Offchain Labs' valuation? | Offchain Labs was last valued at $1.2B in its Series B in August 2021. |
| How much funding has Offchain Labs raised? | Offchain Labs has raised $124M across 3 funding rounds. |
| What was Offchain Labs' last funding round? | Offchain Labs' last funding round was a $100M Series B in August 2021, led by Lightspeed Venture Partners. |
| Who are Offchain Labs' investors? | Offchain Labs' investors include Pantera Capital, Lightspeed Venture Partners, Ballistic Ventures, Compound, Redpoint, Alameda Research, George Lambeth, Coinbase Ventures, Mark Cuban, Ribbit Capital and 3 others. |
| What is Offchain Labs' revenue? | Offchain Labs' latest recorded revenue is $100M (August 2021). |
| What is Offchain Labs' revenue multiple? | Offchain Labs' latest valuation implies a 12.0x revenue multiple ($1.2B valuation on $100M of revenue). |
| Which companies are comparable to Offchain Labs? | Companies comparable to Offchain Labs include Ada, Glow, iCarbonX, Motive, Arcs Co and PCITECH. |
| How many companies has Offchain Labs acquired? | Offchain Labs has acquired 2 companies, including ZeroDev and Prysmatic Labs. |
| How many companies has Offchain Labs invested in? | Offchain Labs has invested in 6 companies, including AlloyX, DuckChain, Darkbright Studios, Clique, Curvance and Treasure. |
| What was Offchain Labs' last investment? | In December 2024, Offchain Labs invested in AlloyX's $10M seed round alongside Kiln, Fern Win Capital, Whitecove Capital and 4 other investors. |
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