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

Optimism Overview

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

United StatesNew York City, NY

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
Optimism valuation by funding round
DateStageValuationRevenue Multiple
Mar 2022Series B$1.6B36.7x
Jan 2020Seed$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

Optimism revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Mar 2022$45M$1.6B36.7xSeries 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

Optimism funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Mar 2022Series BAndreessen Horowitz (lead); Paradigm (lead); Wintermute Ventures; Nascent; BlockBase Ventures$150M$1.6BOptimism 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 2021Series AAndreessen 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 2020SeedIDEO CoLab Ventures; Paradigm$4M$14MOptimism 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

Investors in Optimism by funding rounds participated
InvestorHQRoundsRoleFirst check
Wintermute VenturesUnited KingdomLondon2ParticipantFeb 2021
NascentUnited StatesUnited States2ParticipantFeb 2021
Andreessen HorowitzUnited StatesSan Francisco, CA2LeadFeb 2021
ParadigmUnited StatesSan Francisco, CA2LeadJan 2020

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Investments 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

Cygnus Finance
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 CountryUnited States
HQ City
San Francisco, CA
Deal Date19 Feb 2025
RoundPre-seed
Raised$20M
InvestorsManifold Capital Partners; G-20 Group; CL; Mirana; OKX Ventures; UpHonest Capital
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Optimism Competitors

Optimism competitors include listed companies like eFinance and C3.ai, and private ones like Boba Network, CertiK, Ledger and Lukka.

Public and private companies comparable to Optimism
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Boba NetworkUnited StatesSan Francisco, CAPrivate--$1.5B-
CertiKUnited StatesNew York City, NYPrivate--$2B-
LedgerFranceParisPrivate$71M-$1.3B18.3x
LukkaUnited StatesNew York City, NYPrivate--$1.3B-
eFinanceEgyptEgyptPublicly listed$130M$67M$1.6B-
C3.aiUnited StatesUnited StatesPublicly listed$250M($484M)$1.7B4.5x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Marqeta$625M$14M1.5x1.4x69.6x7.1x
Nava$445M$192M3.8x-8.8x-
Evertec$932M$330M3.0x2.7x8.6x6.8x
eFinance$130M$67M11.8x-22.8x-
C3.ai$250M($484M)4.3x4.5x(2.2x)(6.2x)
VNET Group$1.5B$463M4.1x3.7x13.2x11.8x
Anterix$7M($29M)216.3x103.4x(47.7x)(46.7x)
Sharplink$28M($734M)61.9x39.9x(2.4x)141.1x

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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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