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- Optimism
Optimism Revenue, Valuation, Funding & Investors
Optimism is valued at $1.6B as of March 2022, a 36.7x multiple on its last reported $45M revenue.
Last Optimism valuation
$1.6B
Series B · Mar 2022
Last Optimism funding round
$150M
Series B · Mar 2022
Optimism revenue
$45M
Series B · Mar 2022
Key investors in Optimism
Andreessen Horowitz
Paradigm
Wintermute Ventures
Nascent
IDEO CoLab Ventures
BlockBase Ventures
About Optimism
Optimism is a New York-based Ethereum Layer 2 scaling solution founded in 2019 as a public benefit corporation. The platform enables instant transactions and scalable smart contracts for developers building decentralized applications. Optimism governs the OP Mainnet, supporting high-throughput blockchain infrastructure.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Usage-based, Subscription
Revenue
$45M (Mar 2022)
Valuation
$1.6B (Mar 2022)
Optimism Valuation
Optimism is currently valued at $1.6B, based on its Series B in March 2022.
The $150M round was led by Andreessen Horowitz and Paradigm, with participation from Wintermute Ventures, Nascent and BlockBase Ventures.
Optimism's valuation has grown 118x from $14M at its seed round in January 2020 to $1.6B in March 2022, across 2 priced rounds.
Optimism valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Mar 2022 | Series B | $1.6B | 36.7x |
| Jan 2020 | Seed | $14M | - |
Optimism Revenue
Optimism's latest recorded revenue is $45M, as of its Series B in March 2022. At a $1.6B valuation, that implies a 36.7x revenue multiple.
Optimism revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Mar 2022 | $45M | $1.6B | 36.7x | 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.
Optimism Funding History
Optimism has raised a total of $179M across 3 funding rounds.
Optimism's first fundraising round was a $4M seed round in January 2020. The most recent completed round was a $150M Series B in March 2022.
Optimism funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2022 | Series B | Andreessen Horowitz (lead); Paradigm (lead); Wintermute Ventures; Nascent; BlockBase Ventures | $150M | $1.6B | Optimism is an Ethereum Layer 2 scaling solution using optimistic rollups to improve transaction throughput while leveraging Ethereum's security. It operates as a Public Benefit Corporation with an open-source codebase, enabling forks and emphasizing decentralization. On March 17, 2022, Optimism raised $150 million in a Series B round led by Andreessen Horowitz (a16z) and Paradigm, with participation from BlockBase Ventures, Nascent, Wintermute Ventures, and others, at a $1.65 billion post-money valuation. The funding supports development of its scaling infrastructure amid growing demand for L2 solutions. At the time, Optimism had nearly $500 million in total value locked (TVL), positioning it as a strong contender behind market leader Arbitrum's nearly $3 billion TVL, with overall L2 TVL reaching $5.75 billion. The project commits all revenue from operating centralized system parts to funding public goods on Ethereum, removing financial incentives for centralization. CEO Jinglan Wang highlighted this model to align incentives with community decentralization goals. Optimism hosts popular protocols like Synthetix, Uniswap, and Velodrome, serving as a hub for DeFi, NFTs, and dApps. Its design batches transactions on L2 and posts to Ethereum L1, ensuring security via Ethereum consensus with a one-week withdrawal delay for fraud proofs. The round reflects VC enthusiasm for L2s as Ethereum's scaling future, with several achieving unicorn status in 2022. |
| Feb 2021 | Series A | Andreessen Horowitz (lead); Wintermute Ventures; Nascent | $25M | - | Optimism is an Ethereum Layer 2 scaling solution that uses optimistic rollups to achieve lower fees, lower latency, and greater throughput compared to Ethereum Layer 1. The platform provides a world-class developer and user experience while maintaining full composability with Ethereum. In February 2021, Andreessen Horowitz led a $25 million Series A investment in Optimism to scale operations and enhance the platform's capabilities. The round marked a significant validation of the technology, with a16z noting they had evaluated various Layer 2 approaches and teams before selecting Optimism based on its exceptional team, carefully designed developer experience, major scaling benefits, years of research and testing, and technical acumen. At the time of the Series A, Optimism was in the midst of a phased rollout and preparing for large-scale production. The company later raised $150 million in Series B funding in March 2022 at a $1.65 billion valuation, with Andreessen Horowitz and Paradigm as lead investors. |
| Jan 2020 | Seed | IDEO CoLab Ventures; Paradigm | $4M | $14M | Optimism is a layer-2 scaling solution for Ethereum, developed by OP Labs to enhance blockchain scalability through optimistic rollups. The project raised $3.5 million in a Seed round on January 15, 2020, led by Paradigm and IDEO CoLab Ventures. This funding supported early development of the Optimism protocol. Post-money valuation stood at $14 million. Optimism continued with subsequent rounds, including a $25 million Series A in February 2021 from Andreessen Horowitz, Paradigm, and IDEO CoLab Ventures, followed by a $150 million Series B in March 2022 led by a16z and Paradigm at a $1.65 billion valuation. |
Who has invested in Optimism?
6 investors have backed Optimism across its funding rounds, including Andreessen Horowitz, Paradigm, Wintermute Ventures, Nascent, IDEO CoLab Ventures and BlockBase Ventures.
Lead investors include Andreessen Horowitz and Paradigm.
Optimism Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Feb 2021 | ||
| 2 | Participant | Feb 2021 | ||
| 2 | Lead | Feb 2021 | ||
| 2 | Lead | Jan 2020 | ||
This data is available for Pro users. Sign up to see all 6 Optimism investors. Start Free Trial | ||||
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Start Free TrialInvestments by Optimism
Optimism has invested in 1 company to date.
Latest investment by Optimism was on February 19th 2025. Optimism invested in Cygnus Finance in their $20M Pre-seed round.
Latest Investments by Optimism
| Description | Cygnus Finance is a shared security platform enabling layer-2 rollups to borrow Ethereum validators for restaking. It facilitates cross-chain security via cbBTC and other assets, supporting networks like Arbitrum and Optimism. Launched in 2023, Cygnus operates on Ethereum with governance through CYG tokens. The Dubai-based project enhances rollup decentralization across multiple ecosystems. |
| HQ Country | |
| HQ City | San Francisco, CA |
| Deal Date | 19 Feb 2025 |
| Round | Pre-seed |
| Raised | $20M |
| Investors | Manifold Capital Partners; G-20 Group; CL; Mirana; OKX Ventures; UpHonest Capital |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Optimism investments and their VC round multiples. Start Free Trial | |
Optimism Competitors
Optimism competitors include listed companies like eFinance and C3.ai, and private ones like Boba Network, CertiK, Ledger and Lukka.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.5B | - | ||
| Private | - | - | $2B | - | ||
| Private | $71M | - | $1.3B | 18.3x | ||
| Private | - | - | $1.3B | - | ||
| Publicly listed | $130M | $67M | $1.6B | - | ||
| Publicly listed | $250M | ($484M) | $1.7B | 4.5x |
Optimism Public Comps
Optimism is still privately-owned, but its public comps include Marqeta, Nava, Evertec, eFinance, C3.ai, VNET Group, Anterix, Sharplink, Securitize and Computer Age Management Services.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $625M | $14M | 1.5x | 1.4x | 69.6x | 7.1x | |||
| $445M | $192M | 3.8x | - | 8.8x | - | |||
| $932M | $330M | 3.0x | 2.7x | 8.6x | 6.8x | |||
| $130M | $67M | 11.8x | - | 22.8x | - | |||
| $250M | ($484M) | 4.3x | 4.5x | (2.2x) | (6.2x) | |||
| $1.5B | $463M | 4.1x | 3.7x | 13.2x | 11.8x | |||
| $7M | ($29M) | 216.3x | 103.4x | (47.7x) | (46.7x) | |||
| $28M | ($734M) | 61.9x | 39.9x | (2.4x) | 141.1x | |||
This data is available for Pro users. Sign up to see all Optimism competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Optimism
| When was Optimism founded? | Optimism was founded in 2019. |
| Where is Optimism headquartered? | Optimism is headquartered in New York City, NY, United States. |
| Is Optimism publicly listed? | No, Optimism is a private, VC-backed company. |
| What is Optimism's valuation? | Optimism was last valued at $1.6B in its Series B in March 2022. |
| How much funding has Optimism raised? | Optimism has raised $179M across 3 funding rounds. |
| What was Optimism's last funding round? | Optimism's last funding round was a $150M Series B in March 2022, led by Andreessen Horowitz and Paradigm. |
| Who are Optimism's investors? | Optimism's investors include Wintermute Ventures, Nascent, Andreessen Horowitz, Paradigm, IDEO CoLab Ventures and BlockBase Ventures. |
| What is Optimism's revenue? | Optimism's latest recorded revenue is $45M (March 2022). |
| What is Optimism's revenue multiple? | Optimism's latest valuation implies a 36.7x revenue multiple ($1.6B valuation on $45M of revenue). |
| Which companies are comparable to Optimism? | Companies comparable to Optimism include Boba Network, CertiK, Ledger, Lukka, eFinance and C3.ai. |
| How many companies has Optimism invested in? | Optimism has invested in 1 company, including Cygnus Finance. |
| What was Optimism's last investment? | In February 2025, Optimism invested in Cygnus Finance's $20M pre-seed round alongside Manifold Capital Partners, G-20 Group, CL and 3 other investors. |
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