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Perp DEX Lighter Raises $68 Million at $1.5 Billion Valuation

The decentralized perpetual exchange secured funding from Founders Fund, Ribbit Capital, Haun Ventures, and Robinhood, combining equity and token subscription rights.

Summary

Perp DEX Lighter has closed a $68 million funding round led by Founders Fund and Ribbit Capital, with additional participation from Haun Ventures and Robinhood. According to sources, the round valued the decentralized perpetual exchange at approximately $1.5 billion. The funding structure included both equity and token subscription rights.

Terms & Concepts
  • Perpetual DEX: A decentralized exchange offering perpetual futures contracts without expiry, enabling on-chain leveraged trading.
  • Token Subscription Rights: Agreements granting investors the right to purchase project tokens, often at predetermined terms, in addition to equity stakes.